1. family and parenting

September17,2012
NOTICETORESIDENTSOFTHEMILWAUKEEAREA
TECHNICALCOLLEGEDISTRICT,WISCONSIN
A regular open meeting* of the MILWAUKEE AREA TECHNICAL COLLEGE DISTRICT
BOARD, WISCONSIN, FINANCE, PERSONNEL, AND OPERATIONS COMMITTEE will be
held in the BOARD ROOM, ROOM M210, of MILWAUKEE AREA TECHNICAL COLLEGE,
700WESTSTATESTREET,MILWAUKEE,WISCONSIN,onWEDNESDAY,September19,
2012,beginningat3:30P.M.
Theagenda**forsaidmeetingispresentedasfollows:
A. RollCall
B. CompliancewiththeOpenMeetingsLaw
C. ApprovalofMinutes,August22,2012–AttachmentFPO–1
D. CommentsfromthePublic
E. ApprovalofConsentAgendaItems
1. BoardBillsList‐Attachment–2
CheckNumber
Payee
ChecksExceeding$2,500
Channels10/36
VoidedChecks
StudentActivities
2. FinancialReport‐Attachment–3
3. HumanResourcesReport‐Attachment–4
4. ProcurementReport‐Attachment–5
I.
ExternalContracts
None
II.
Procurements
1.
AdvertisingExpendituresforMilwaukeePublicTV
August
Actual
$1,650
MinorityMediaPercentagewas100%
September Estimated $10,459.57 MinorityMediaPercentageis10‐12%
October
Estimated $0.00
MinorityMediaPercentageis10‐12%
2.
AdvertisingExpendituresforMATC
August
Actual
$2,655.29
MinorityMediaPercentagewas0%
September Estimated $2,002.31
MinorityMediaPercentageis10‐12%
October
Estimated $0.00
MinorityMediaPercentageis10‐12%
3.
4.
5.
SnowRemovalandIceControl
DowntownCampus Mequon(North)Campus
BirchwoodSnowandLandscapeContractors AllwaysContractors,INC
Milwaukee,WI ElmGrove,WI
OakCreek(South)CampusandWestAllis(West)Campus
ParkingLotMaintenance,INC, Pewaukee,WI MultimediaEquipment&RoomInstallation
AVDesignGroup
Thiensville,WI
$422,340.00
CreditCardandTravelExpenseManagementservices
InterplX
Shakopee,MN.
$60,000to$75,000fortheinitialfive(5)yearcontract.
6.
LegalServices
Michael,Best&FriedrichLLC
Milwaukee,WI
Alloutsidelegalserviceswiththeexceptionofgenerallitigationmatters.
Monthlyretainerof$25,000.00
EmileBanks&Associates,LLC
Milwaukee,WI
Generallitigationmatterstobebilledat$200.00perhour.
7.
FieldAdministrationAndRelatedConsultingServicesForAnnual
FacilitiesProjects
Seebackgroundinformationsheet
2
III.
ContractsforServices
None
IV. ConstructionContracts
None
V.
LeaseAgreements
None
F. ActionItems
1. Resolution(F0006‐09‐12)AuthorizingtheSaleof$1,500,000GeneralObligation
PromissoryNotes,Series2012‐2013DofMilwaukeeAreaTechnicalCollegeDistrict,
Wisconsin Attachment–6
2. Resolution (F0007‐09‐12) Authorizing the Sale of $10,000,000.00 Taxable General
Obligation Refunding Bonds, Series 2012‐2013E (Refunding Bonds) of Milwaukee
AreaTechnicalCollegeDistrict,Wisconsin‐Attachment–7
3. Resolution(F0008‐09‐12)AuthorizingtheIssuanceof$1,500,000General
ObligationPromissoryNotes,Series2012‐2013FofMilwaukeeAreaTechnical
CollegeDistrict,Wisconsin‐Attachment–8
G. DiscussionItems
None
H. InformationItems
1. MilwaukeeAreaTechnicalCollegeDistrictOtherPost‐EmploymentBenefits
(OPEB)TrustReportAugust2012–AttachmentFPO–9
2. MonthlyTravelReport–Attachment–10
I. MiscellaneousItems
1. CommunicationsandPetitions
2. InformationItems
J. OldBusiness/NewBusiness
1. FutureAgendaItems
2. DateofNextMeeting:Wednesday,October17,2012,3:30P.M.,M210
CommitteeMembers:Katz,Maizonet,andPèrez
3
*
**
***
OthermembersoftheMATCBoardmaybepresent,althoughtheywillnotbe
participatingasmembersofthiscommittee.Thismeetingmaybeconducted
inpartbytelephone.Telephonespeakerswillbeavailabletoallowthepublic
tohearthosepartsoftheproceedingsthatareopentothepublic.
Actionmaybetakenonanyagendaitem,whetherdesignatedasanaction
itemornot.AgendaitemsmaybemovedintoClosedSessionfordiscussion
whenitbecomesapparentthataClosedSessionisappropriateunderSection
19.85oftheWisconsinStatutes.TheboardmayreturnintoOpenSessionto
takeactiononanyitemdiscussedinClosedSession.
ItisanticipatedthatthisitemmaybediscussedinClosedSessionpursuantto
Section19.85(1)(e)oftheWisconsinStatutes.
ReasonableaccommodationsareavailablethroughtheADAOfficeforindividualswhoneedassistance.Pleasecall
414‐297‐6610toscheduleservicesatleast48hourspriortothemeeting.
4
Attachment FPO - 1
MILWAUKEE AREA TECHNICAL COLLEGE DISTRICT BOARD
FINANCE, PERSONNEL AND OPERATIONS
August 22, 2012
CALL TO ORDER
The regular monthly meeting of the Finance, Personnel, and Operations Committee of
the Milwaukee Area Technical College District Board was held in open session on
Wednesday, August 22, 2012, and called to order by Chairperson Michael Katz, at 2:07
p.m. in the Board Room, Room M210, at the Downtown Milwaukee Campus of
Milwaukee Area Technical College.
ITEM A.
ROLL CALL
Present: Michael G. Katz, Graciela Maizonet (via telephone), and José Pérez
ITEM B.
COMPLIANCE WITH THE OPEN MEETINGS LAW
Erika Crosby indicated that proper notice of the meeting had been given in compliance
with the Wisconsin Open Meetings Law.
ITEM C.
APPROVAL OF MINUTES, June 20, 2012 – Attachment 1
The minutes were approved without objection.
ITEM D.
COMMENTS FROM THE PUBLIC
None.
ITEM E.
REVIEW OF COMMITTEE’S RESPONSIBILITIES
Mr. Katz reviewed the committee responsibilities.
ITEM F.
ADVISORY AUDIT COMMITTEE REPORT
Dr. James Williams, vice president, Finance gave highlights of the August 16, 2012
Advisory Audit meeting which included updates on the progress of the internal and
external audits.
ITEM G.
APPROVAL OF CONSENT AGENDA ITEMS
G-1 Board Bills List, June 2012 – Attachment 2
In Order by Check Number
In Order by Payee
Checks Exceeding $2,500
Channels 10/36
Voided Checks
Student Activities
Finance, Personnel, and Operations
Minutes of August 22, 2012
Page 2
G-2 Board Bills List, July 2012 – Attachment 3
In Order by Check Number
In Order by Payee
Checks Exceeding $2,500
Channels 10/36
Student Activities
G-3 Financial Report, June 2012 – Attachment 4
G-4 Financial Report, July 2012 – Attachment 5
G-5 Human Resources Report – Attachment 6
G-6 Procurement Report – Attachment 7
G-7 Annual Affirmative Action Report of Milwaukee Area Technical College, July
2011 – June 2012 – Attachment 8
G-8 Quarterly Affirmative Action Report – Attachment 9
Motion:
It was moved by Mr. Pérez, seconded by Ms. Maizonet, to approve the consent agenda.
Action :
Motion approved.
ITEM H.
ACTION ITEMS
H-1 Resolution (F0001-08-12) Authorizing the Sale of $19,500,000 General
Obligation Promissory Notes, Series 2012-2013C of Milwaukee Area Technical
College District, Wisconsin – Attachment 11
Motion:
It was moved by Mr. Pérez, seconded by Ms. Maizonet, to approve Resolution (F000108-12) Authorizing the Sale of $19,500,000 General Obligation Promissory Notes,
Series 2012-2013C of Milwaukee Area Technical College District, Wisconsin
Action:
Motion approved.
Motion:
Action:
H-2 Resolution (F0002-08-12) Authorizing the Issuance of $1,500,000 General
Obligation Promissory Notes, Series 2012-2013D of Milwaukee Area Technical
College District, Wisconsin – Attachment 12
It was moved by Mr. Pérez, seconded by Ms. Maizonet, to approve Resolution (F000208-12) Authorizing the Issuance of $1,500,000 General Obligation Promissory Notes,
Series 2012-2013D of Milwaukee Area Technical College District, Wisconsin
Motion approved.
H-3 Resolution (F0003-08-12) Authorizing the Issuance of $10,000,000.00 Taxable
General Obligation Refunding Bonds, Series 2012-2013E (Refunding Bonds) of
Milwaukee Area Technical College District, Wisconsin– Attachment 13
Motion:
It was moved by Mr. Pérez, seconded by Ms. Maizonet, to approve Resolution (F000308-12) Authorizing the Issuance of $10,000,000.00 Taxable General Obligation
Refunding Bonds, Series 2012-2013E (Refunding Bonds) of Milwaukee Area Technical
College District, Wisconsin
Finance, Personnel, and Operations
Minutes of August 22, 2012
Page 3
Action:
Motion approved.
H-4 Resolution (F0004-08-12) to Approve Three-Year Facilities Plan – Attachment
14
Motion:
It was moved by Mr. Pérez, seconded by Ms. Maizonet, to approve Resolution (F000408-12) to Approve Three-Year Facilities Plan
Action:
Motion approved.
H-5 Resolution (F0005-08-12) to Revise Fiscal Year 2012-2013
Renovation/Remodeling (Capital) Projects) – Attachment 15
Motion:
It was moved by Mr. Pérez, seconded by Ms. Maizonet, to approve Resolution (F000508-12) to Revise Fiscal Year 2012-2013 Renovation/Remodeling
(Capital) Projects)
Action:
Motion approved.
H-6 Tentative FY2012-2013 Finance, Personnel, and Operations Committee
Meeting Schedule – Attachment 16
It was moved by Ms. Maizonet, seconded by Mr. Pérez, to approve Tentative FY20122013 Finance, Personnel, and Operations Committee Meeting Schedule
Motion approved.
ITEM I.
DISCUSSION ITEMS
I-1 Policy Review - B0807 - Procurement Of Equipment, Supplies, Apparel And
Services From Responsible Manufacturers - Attachment 17
Discussion:
The committee agreed by consensus to forward Policy Review - B0807 - Procurement
of Equipment, Supplies, Apparel And Services From Responsible Manufacturers to the
full board.
H-2 Higher Learning Commission Financial Index Report – Attachment 18
Discussion:
Dr. Michael Burke, President and Dr. Williams reviewed the report with the committee.
ITEM J.
INFORMATION ITEMS
I-1 Estimated District Property Values – Attachment 19
Discussion:
Dr. Williams reviewed the report with the committee.
I-2 FY 2013-14 Activity Plan and Budget Development Calendar – Attachment 20
Discussion:
Dr. Williams reviewed the report with the committee.
Discussion:
I-3 Budget Variance Report Preliminary Year End June 30, 2012 FY2011-2012 –
Attachment 21
Dr. Williams reviewed the report with the committee.
Finance, Personnel, and Operations
Minutes of August 22, 2012
Page 4
Discussion:
I-4 Budget Variance Report One (1) Month Ended July 31, 2012 FY2012-2013 –
Attachment 22
None.
I-5 Quarterly Consultant Contracts Report – Attachment 23
Discussion:
None.
I-6 MATC Travel Report – Attachment 24
Discussion:
None.
Discussion:
I-7 Annual Office of Workforce and Economic Development Report – Attachment
25
None.
I-8 WTCS Human Resource Health & Dental Group Purchasing Project
Discussion:
Ms. Lynn Fugina, Director of Compensation and Benefits and Ms. Lisa Yefsky, Area Sr.
VP, Client Management – Gallagher Benefit Svcs. presented an overview of the WTCS
Human Resources Subcommittee Health Insurance Cooperative Project.
I-9 Annual Milwaukee Enterprise Center South Review – Attachment 26
Discussion:
Dr. Williams reviewed the report with the committee.
Discussion:
I-10 Milwaukee Area Technical College District Other Post-Employment Benefits
(OPEB) Trust Report June 2012 – Attachment 27
None.
Discussion:
I-11 Milwaukee Area Technical College District Other Post-Employment Benefits
(OPEB) Trust Report July 2013 – Attachment 28
None.
ITEM K.
K-1 Communications and Petitions
None.
K-2 Information Items
None.
ITEM L.
OLD BUSINESS/NEW BUSINESS
Date of Next Meeting: Wednesday, September 19, 2012, 3:30 P.M., M210
ADJOURNMENT
The meeting adjourned at 4:27p.m.
Respectfully submitted,
Erika N. Crosby
Administrative Specialist, Finance
Attachment FPO - 2
BOARD BILLS LIST
The following bills are to be presented for approval at the meeting of the Milwaukee Area
Technical College District Board, State of Wisconsin, to be held on 09-25-12
Check No.
Company
For
Amount
BILLS PAYABLE RECAPITULATION
Month of August 2012
Payments for encumbrances and monthly expenditures were made for the following funds:
General Fund
Special Revenue Fund-Operational
Special Revenue Fund-Non Aidable
Enterprise Fund
Capital Projects Fund
Debt Service Fund
Internal Service Fund
Public Television Fund
Total Expenditures
4,390,223.920
57,463.730
9,863.420
1,571,011.850
3,534,618.690
501.730
2,633,951.320
2,353,739.760
$
Secretary
Chair
Page 1
14,551,374
BOARD BILLS LIST
The following bills are to be presented for approval at the meeting of the Milwaukee Area
Technical College District Board, State of Wisconsin, to be held on 09-25-12.
Bank Transfer Payments
August 2012
Humana Health and Dental Insurance Claims
$
-
Humana Health and Dental Insurance Premiums
$
-
UMR Health Insurance Claims
$
832,648.37
M & I Investment Management Fees
$
49.42
Bank Service Charges
$
642.36
Merchant Service Credit Card Fees
$
16,096.60
Wisconsin Retirement System
$
702,878.04
OPEB Trust Transfers
$
Federal Payroll Tax
$
2,336,963.38
State Payroll Tax
$
466,648.09
State, County, and Stadium Sales Tax
$
13,385.56
-
Debt Service Fund Wire Payments
Aug-12
General Obligation Debt Series
Interest
None
Page 2
Principal
Board Bill List
Allocation of Cash By Fund
1
2
3
4
5
5
6
7
General Fund
Special Revenue Fund - Operational
Capital Projects
Debt Service
Enterprise
TV Fund
Internal Service Fund
Special Revenue Fund - NonAid
$
$
$
$
$
$
$
813,721.14
56,823.50
3,534,445.59
501.73
1,520,893.69
2,353,739.76
1,801,302.95
Add to Sheet 1 - Cell E15
Add to Sheet 1 - Cell E18
Add to Sheet 1 - Cell E19
Add to Sheet 1 - Cell E20
Add to Sheet 1 - Cell E18
Add to Sheet 1 - Cell E22
Add to Sheet 1 - Cell E21
Add to Sheet 1 - Cell E17
$ 10,081,428.36
Credit Card Discount Fees
Internal Transfers - Get Info from Sue Jarvis
1-60-93101-5434-00000
1-60-00001-1305-00000
1-60-00001-1307-00000
(2) 1-60-93101-5434-00000
(2) 1-60-00001-1305-00000
15415.72 Add to Sheet 1 - Cell E15
470.59 Add to Sheet 1 - Cell E18
210.29 Add to Sheet 1 - Cell E17
Add to Sheet 1 - Cell E15
Add to Sheet 1 - Cell E18
Linked to PVS Net Calculation Worksheet
Total Fund 1 - linked
Total Fund 2 - linked
Total Fund 3 - linked
Total Fund 5 - linked
Total Fund 7 - linked
$
$
$
$
$
$
40,520.21 Add to Sheet 1 - Cell E15
640.23
173.10
49,647.57 Add to Sheet 1 - Cell E18
9,653.13 Add to Sheet 1 - Cell E17
100,634.24
Attachment FPO - 4
matc
HUMAN RESOURCES REPORT
September 2012
Sixty-nine transactions are included in the report for August.
Appointments
Forty-two appointments occurred during the reporting period, nineteen of which are
faculty appointments and twenty-three of which are staff appointments. Included in the
faculty appointments are one full-time regular faculty, four full-time limited term faculty
and fourteen part-time regular faculty. Included in the staff appointments are four fulltime regular staff, one full-time limited term staff, thirteen part-time regular staff, one
part-time limited term staff and four part-time casual staff. Seventeen males and
twenty-five females comprise the appointments. Represented in that total are five black
females and two black males.
Fiscal year-to-date, total appointments are one-hundred-twenty-four. Included in that
total are fifty-two males (41.9%) and seventy-two females (58.1%). Minority hires total
forty (32.3%), including thirty black (24.2%), nine Hispanic (7.3%) and one Asian (.8%).
This Month
Year-to-date
YTD Percent
White
Male Femal
e
15
20
38
46
67.7%
Black
Male Female
2
8
5
22
24.2%
Hispanic
Male Female
0
6
0
3
7.3%
Asian
Male Female
0
0
0
1
.8%
Native
American
Male Female
0
0
0
0
0.0%
Male
Total
Female
17
52
41.9%
Changes in Status
The sixteen changes in status during this reporting period represent two extensions of
limited term assignment, four transfers, two part-time to full-time movements, one parttime to full-time limited term movement, one additional assignment, three promotions,
one voluntary demotion, one unpaid personal leave of absence and one extension of
personal leave. Nine females and seven males comprise the changes in status.
Included in that total are one black male, three black females, one Hispanic female and
one Asian male.
Separations
The eleven separations represent two resignations, five retirements and four deaths.
Three males and eight females comprise the separations. Included in that total are one
black female, one Hispanic male and one Hispanic female.
25
72
58.1%
TRANSACTION SUMMARY REPORT
FOR
SEPTEMBER 2012
APPOINTMENTS
CHANGES IN
STATUS
SEPARATIONS
1
0
2
3
6 (2)
1 (1)
1
8 (3)
LIBERAL ARTS & SCIENCES
9
1 (1)
4 (1)
14 (2)
MEDIA & CREATIVE ARTS
1
0
0
1
PRE-COLLEGE
3 (2)
1 (1)
2 (1)
6 (4)
TECHNOLGY & APPLIED
2 (1)
2
0
4 (1)
ACADEMIC SERVICES
1
2
0
3
DISTRICT ADMINISTRATION
0
1 (1)
0
1 (1)
EMPLOYEE AND LEGAL
1
0
1
2
3 (1)
5 (1)
0
8 (2)
INFORMATION TECHNOLOGY
1
0
0
1
PUBLIC TELEVISION
0
0
0
0
STUDENT SERVICES
14 (1)
3 (1)
1 (1)
18 (3)
0
0
0
0
42 (7)
16 (6)
11 (3)
69 (16)
DIVISION OR SCHOOL
BUSINESS
HEALTH SCIENCES
**AA
TOTAL
SCIENCES
SERVICES
FINANCE
WORKFORCE & ECONOMIC
DEVELOPMENT
TOTALS BY CATEGORY
TOTAL TRANSACTIONS FOR THE MONTH
**Affirmative Action totals in parentheses.
69 (16)
Non-represented Salary Schedule
Effective July 1, 2012
Exempt
Salary
Grade
Title
Minimum
Mid-Point
Maximum
917 916 915 914 913 912 911 Vice President Associate Vice President, Dean Associate Dean, Director Assistant Dean, Manager Coordinator Senior Specialist, Supervisor Specialist $ 129,365 $ 90,000 $ 79,725 $ 64,055 $ 56,338 $ 46,539 $ 41,640 $ 166,812 $ 121,708 $ 108,108 $ 86,860 $ 76,393 $ 63,107 $ 56,463 $ 204,259 $ 153,415 $ 136,489 $ 109,664 $ 96,447 $ 79,673 $ 71,285 Non-Exempt
Salary
Grade
Title
Minimum
Mid-Point
Maximum
904 903 902 901 Senior Technician Administrative Specialist Assistant Aide $ 44,245 $ 38,475 $ 33,455 $ 24,228 $ 59,999 $ 52,170 $ 45,366 $ 32,851 $ 75,750 $ 65,864 $ 57,275 $ 41,476 Human Resources Report
September 2012
Appointments
Division or School
Employee Name
Employee Status
Job Title
Type of
Transaction
Start
Date
Business
Patricia A. Brown
Part-Time Regular
Instructor, Paralegal (part-time)
Replacement
09/10/12
$30.1069/Hour
J.D., Thomas M. Cooley Law School
Health Sciences
Patricia L. Balistreri
Angela M. Benfield
Vickie L. Hinds
Colleen C. Hogan
Denise A. Purgill
Anita M. Peoples
Part-Time Regular
Part-Time Regular
Full-Time Regular
Part-Time Regular
Part-Time Regular
Part-Time Regular
Instructor, Registered Nursing (part-time)
Instructor, Occupational Therapy Assistant (part-time)
Associate Dean, Health Sciences
Instructor, Dental Hygiene (part-time)
Instructor, Radiography (part-time)
Word Processing Associate
Replacement
Replacement
Replacement
Replacement
Replacement
Replacement
08/21/12
08/27/12
09/26/12
08/27/12
08/21/12
09/05/12
$30.1069/Hour
$30.1069/Hour
$100,000/Annual
$30.1069/Hour
$36.0349/Hour
$16.2994/Hour
M.S.N., Walden University
M.S., University of Illinois - Chicago
M.B.A., Concordia University
B.S., West Virginia University
B.S., Marian University
A.A.S., MATC
Liberal Arts & Sciences
Lori A. Geddes
Rebecca S. Hartzog
Joshua E. Kane
Gillian Kemper
Jason C. Kindschi
Sandra L. Laughrin
Becky A. Marth
Tina M. McLeod
Ashley M. Morgan
Full-Time Limited Term
Full-Time Limited Term
Part-Time Regular
Part-Time Regular
Full-Time Limited Term
Part-Time Regular
Full-Time Limited Term
Full-Time Limited Term
Part-Time Regular
Instructor, Economics
Associate Dean, Liberal Arts & Sciences
Instructor, Social Sciences (part-time)
Instructor, Art Survey (part-time)
Instructor, Anatomy & Physiology
Instructor, Early Childhood Education (part-time)
Instructor, Sociology
Instructor, Nutritional Science
Instructor, Art Survey (part-time)
Replacement
Replacement
Replacement
Replacement
Replacement
Replacement
Replacement
Replacement
Replacement
08/23/12
08/20/12
08/21/12
08/24/12
08/21/12
08/21/12
08/26/12
08/26/12
08/21/12
12/19/12 $76,677/Annual
12/19/12 $100,932/Annual
$30.1069/Hour
$52.3370/Hour
05/24/13 $79,205/Annual
$41.9629/Hour
12/19/12 $71,617/Annual
$76,677/Annual
$30.1069/Hour
Media & Creative Arts
Jon T. Brown
Part-Time Regular
Instructor, Animation (part-time)
Replacement
08/27/12
$30.1069/Hour
B.A., UW-Milwaukee
Pre-College
Tamika K. Boone
Part-Time Regular
Derick C. Cornelius Part-Time Regular
Sandy J. MacDonald Part-Time Regular
Instructor, Basic Skills Communication/Reading (part-time)
Instructor, Basic Skills Communication (part-time)
Instructor, Basic Skills Communication (part-time)
Replacement
Replacement
Replacement
09/06/12
09/06/12
09/06/12
$30.1069/hour
$30.1069/Hour
$58.2651/Hour
M.A., Cardinal Stritch University
M.A., Alverno College
M.S., UW-Whitewater
Technology & Applied Sciences
Alan D. Goodman
David L. Stuart
Part-Time Regular
Full-Time Regular
Instructor, Quality Engineering Technology (part-time)
Instructor, Sheet Metal
Replacement
Replacement
09/04/12
08/21/12
$30.1069/Hour
$66,557/Annual
M.B.A., Temple University
B.A., National Labor College
Academic Services
Ann S. Derse
Full-Time Regular
Coordinator, Grants & Development
Replacement
10/01/12
$67,000/Annual
M.B.A., Keller Graduate School of Management
District Administration
None
Employee & Legal Services
Paul W. Klahn
Full-Time Regular
Public Safety Specialist
Replacement
09/04/12
$25.2823/Hour
A.A.S., Moraine Park Technical College
Finance
Brianca G. Beverly
Jay G. Forsythe
Tiffany A. Pekera
Part-Time Casual
Part-Time Regular
Part-Time Regular
Office Associate, Bookstore (seasonal)
Supervisor, Operations
Child Development Specialist, Milwaukee
Replacement
Replacement
Replacement
08/06/12
09/04/12
08/20/12
$16.2994/Hour
$22.29/Hour
$19.7028/Hour
A.A.S., MATC
High school graduate
B.A., Concordia University
Information Technology
Daniel D. Stoecker
Full-Time Regular
Telecommunications Specialist
Replacement
08/20/12
$21.1728/Hour
A.A.S., MATC
Public Television
None
Student Services
Michele A. Baker
Bethany H. Batson
Daniel P. Born
Peter D. Doorn
Michael L. Drilling
LaToya S. Funches
William S. Johns
John J. Larson
Jeffrey A. Lorenz
Linda A. Mahoney
Stephanie J. Minster
Troy J. Mrkvicka
Matthew D. Rawson
Melanie D. Warner
Part-Time Casual
Part-Time Casual
Part-Time Regular
Part-Time Limited Term
Part-Time Regular
Part-Time Regular
Part-Time Regular
Full-Time Regular
Part-Time Regular
Part-Time Regular
Part-Time Regular
Part-Time Regular
Part-Time Casual
Part-Time Regular
Tutor
Tutor
Assistant Coach, Men's Baseball
Disability Specialist, Mequon
Assistant Coach, Men's Baseball
Customer Service Representative, Mequon
Assistant Coach, Women's Basketball
Athletic Trainer
Head Coach, Women's Basketball
Disability Specialist, West Allis
Sign Language Interpreter
Assistant Coach, Men's Baseball
Tutor
Sign Language Interpreter
Replacement
Replacement
Replacement
Replacement
Replacement
Replacement
Replacement
New
Replacement
Replacement
Replacement
Replacement
Replacement
Replacement
09/10/12
$8.00/Hour
08/16/12
$10.00/Hour
08/20/12
$1,200/Annual
08/20/12 06/30/13 $24.4941/Hour
08/20/12
$3,600/Annual
09/04/12
$23.7335/Hour
09/04/12
$5,000/Annual
10/01/12
$44,500/Annual
08/17/12
$10,000/Annual
08/20/12
$24.4941/Hour
08/23/12
$27.50/Hour
09/10/12
$1,200/Annual
08/16/12
$10.00/Hour
09/06/12
$27.50/Hour
Workforce & Economic Development
None
End Date Salary
Education
Ph.D., UW-Milwaukee
M.A., University of Illinois - Chicago
Ph.D., University of Washington
M.A., UW-Milwaukee
D.C., Northwest Health Sciences University
M.A., Cardinal Stritch University
M.A., UW-Milwaukee
D.C., Palmer College of Chiropractic
M.F.A., UW-Milwaukee
High school graduate
B.A., Seattle Pacific University
High school graduate
M.S.W., UW-Milwaukee
A.A.S., MATC
High school graduate
High school graduate
B.S., Northern Illinois University
A.A.S., Institute of Technology
M.S., UW-Whitewater
B.A., UW-Milwaukee
B.A., UW-Oshkosh
B.A., UW-Whitewater
A.A.S., MATC
Human Resources Report
September 2012
Changes In Status
Personnel Action
Job Title
Type of
Transaction
Start Date End Date
Marlena A. Schultz
Extension of Limited Term Assignment
Educational Assistant
Replacement
08/27/12
12/17/12
Liberal Arts & Sciences
Zafar Naim
Unpaid Personal Leave of Absence
Instructor, Microbiology
12/01/12
12/19/12
Media & Creative Arts
None
Pre-College
Tennita L. Magee
Extension of Limited Term Assignment
Student Services Specialist
Replacement
09/01/12
09/30/12
Technology & Applied Sciences
Richard J. Lokken
Ronald A. Koplin
Extension of Unpaid Personal Leave
Additional Assignment
Instructor, Electronic Technology
Instructor, Quality Engineering Technology (part-time)
09/11/12
09/09/12
03/10/13
Replacement
Laurie A. Kohel
Transfer
Replacement
08/27/12
Remains the same
Melissa M. Stiglich
Transfer
From Coordinator, HIT Project
to Senior Services Specialist, Grants & Development
From Word Processing Associate, TAS Administration, Milwaukee
to Word Processing Associate, Library, West Allis
Replacement
09/20/12
Remains the same
District Administration
Pattie M. Patterson
Part-Time to Full-Time; Transfer
From Word Processing Associate, Articulation, Milwaukee
to Word Processing Associate, General Administration, Mequon
Replacement
09/12/12
Remains the same
Employee & Legal Services
None
Finance
Frank J. Grant
Voluntary Demotion; Change in Shift
Replacement
08/28/12
From $21.9604 to $20.3348/Hour
Kristin J. Manz
Robert A. Roberson
Patrick O. Paul
Part-Time to Full-Time Limited Term
Part-Time to Full-Time
Promotion; Transfer
Replacement
Replacement
Replacement
09/17/12
09/05/12
08/24/12
Dean W. Zimmerman
Promotion
From Building Services Assistant, Milwaukee
to Building Services Associate, Milwaukee
Child Development Specialist, Milwaukee
Building Services Associate, Milwaukee
From Building Services Associate, Milwaukee
to Building Services Assistant, Oak Creek
From Building Services Technician, West Allis
to Building Services Specialist, West Allis
Replacement
08/28/12
From $25.5193 to $26.5541/Hour
Replacement
Replacement
08/29/12
09/11/12
Remains the same
From $23.3989 to $24.2736/Hour
Replacement
09/18/12
Remains the same
Division or School
Employee Name
Business
None
Health Sciences
Academic Services
Information Technology
None
Public Television
None
Student Services
Margaret L. Balck
Jody S. Burdick
Transfer; Change in Shift
Promotion; Transfer
Sharon A. Fuller
Transfer
Workforce & Economic Development
None
Disability Specialist, Special Needs
From Word Processing Assistant, Student Placement
to Transcription Technician, Student Life
From Office Associate, Bookstore, Milwaukee
to Office Associate, Admissions, West Allis
Salary
Remains the same
Remains the same
Remains the same
12/21/12
Remains the same
Remains the same
From $16.7759 to $19.7268/Hour
Human Resources Report
September 2012
Separations
Division or School
Employee Name
Ending Reason
Job Title
Effective
Date
Business
John H. Kress
John Q. Strachota
Retirement
Death
Instructor, IT-Programming Development
Instructor, Jewelry (part-time)
12/19/12
07/12/12
Health Sciences
Shelley J. Kroenke
Retirement
Instructor, Radiologic Technology
12/19/12
Liberal Arts & Sciences
Kathleen M. Carney
Janet C. Christopulos
Marcia D. Clarke-Yapi
Eva M. Hagenhofer
Retirement
Resignation
Resignation
Retirement
Instructor, English
Instructor, Social Science (part-time)
Associate Dean, Liberal Arts & Sciences
Instructor, English
12/19/12
12/01/12
08/20/12
12/19/12
Media & Creative Arts
None
Pre-College
Linda J. Blake Smith
Juan R. Camacho
Death
Death
Educational Assistant, English as a Second Language 09/04/12
Instructor, Mathematics
08/30/12
Technology & Applied Sciences
None
Academic Services
None
District Administration
None
Employee & Legal Services
Julie A. Wichman
Death
Editor, Publications
08/22/12
Finance
None
Information Technology
None
Public Television
None
Student Services
Liliana E. Gutierrez
Retirement
Academic Support Specialist, Oak Creek
09/28/12
Workforce & Economic Development
None
Attachment FPO – 5
PROCUREMENT REPORT
September, 2012
The Procurement report consists of:
 Part I
External Contracts
 Part II
Procurements
 Part III
Contracts for Services
 Part IV
Construction Contracts
 Part V
Lease Agreements
Each month the board approves contracts, procurements and services related to the operation of
the College. The current items for board approval are:
I.
External Contracts
None
II.
Procurements
1.
Advertising Expenditures for Milwaukee Public TV
July
August
September
2.
$1,650
$10,459.57
$0.00
Minority Media Percentage was 100%
Minority Media Percentage is 10-12%
Minority Media Percentage is 10-12%
$2,655.29
$2,002.31
$0.00
Minority Media Percentage was 0%
Minority Media Percentage is 10-12%
Minority Media Percentage is 10-12%
Advertising Expenditures for MATC
July
August
September
3.
Actual
Estimated
Estimated
Actual
Estimated
Estimated
Snow Removal and Ice Control
Downtown Campus
Birchwood Snow and Landscape Contractors
Milwaukee, WI
Mequon (North) Campus
Allways Contractors, INC
Elm Grove, WI
Oak Creek (South) Campus and West Allis (West) Campus
Parking Lot Maintenance, INC,
Pewaukee, WI
4.
Multimedia Equipment & Room Installation
AV Design Group
Thiensville, WI
$422,340.00
5.
Credit Card and Travel Expense Management services
InterplX
Shakopee, MN.
$60,000 to $75,000 for the initial five (5) year contract.
1
6.
Legal Services
Michael, Best & Friedrich LLC
Milwaukee, WI
All outside legal services with the exception of general litigation matters.
Monthly retainer of $25,000.00
Emile Banks & Associates, LLC
Milwaukee, WI
General litigation matters to be billed at $200.00 per hour.
7.
Field Administration And Related Consulting Services For Annual Facilities
Projects
See background information sheet
III.
Contracts for Services
None
IV.
Construction Contracts
None
V.
Lease Agreements
None
2
Part II: PROCUREMENTS
Item 1: Advertising Expenditures for Milwaukee Public TV
Background Information
Advertising and publicity expenditures are coordinated through an advertising/media firm. The
advertising firm was selected through a formal request for proposal process. The advertising
agency manages production and media placement. Channels 10/36 station media expenses were
submitted for review to the Public Television Committee and are herewith submitted to the Finance,
Personnel and Operations Committee for review and for presentation to the Board.
College and station media purchases are executed through Eichenbaum & Associates, Milwaukee,
WI which receives a commission for its placements. Channel 10/36 advertising and publicity
services placed in August 2012 plus estimates for September 2012 and October 2012 are listed
below and in the attachments.
August 2012
Actual advertising expenditures
Minority Media percentage was 100%
$1,650
September 2012
Advertising estimates
Minority Media percent target is 10-12%
$10,459.57
October 2012
Advertising estimates
Minority Media percent target is 10-12%
$0.00
3
Part II: PROCUREMENTS
Item 1: Advertising Expenditures for Milwaukee Public TV
Detail page for August Actual
EICHENBAUM / ASSOCIATES
219 North Milwaukee Street
Milwaukee, WI 53202
P: 414.225.0011 / F: 414.225.0022
Milwaukee Public TV Media
August, 2012 Actual
Advertising Objectives:
Bilingual Yellow Pages (placed by MPTV)
Media Budget:
$1,650.00
Online
Out-of-Home
Print
Original Bilingual Hispanic Yellow Pages & Resource Guide
$1,650.00
Radio
Direct Mail
Target Minority Owned Media Percentage: 10-12% of media cost
Hispanic-Owned
Yellow Pages $1,650
African American-Owned
4
100%
$1,650.00
Part II: PROCUREMENTS
Item 1: Advertising Expenditures for Milwaukee Public TV
Detail page for September Estimate
EICHENBAUM / ASSOCIATES
219 North Milwaukee Street
Milwaukee, WI 53202
P: 414.225.0011 / F: 414.225.0022
Milwaukee Public TV Media
September, 2012 Estimate
Advertising Objectives:
September Pledge
Media Budget:
$10,459.57
Online
Out-of-Home
Print
Milwaukee Times (September Pledge)
El Conquistador (September Pledge)
$761.76
$693.86
Radio
September Pledge
$9,003.95
Direct Mail
Target Minority Owned Media Percentage: 10-12% of media cost
Hispanic-Owned
El Conquistador $693.86
African American-Owned
Milwaukee Times $761.76
5
14%
$1,455.62
Part II: PROCUREMENTS
Item 1: Advertising Expenditures for Milwaukee Public TV
Detail page for October Estimate
EICHENBAUM / ASSOCIATES
219 North Milwaukee Street
Milwaukee, WI 53202
P: 414.225.0011 / F: 414.225.0022
Milwaukee Public TV Media
October, 2012 Estimate
Advertising Objectives:
Media Budget:
Online
Out-of-Home
Print
Radio
Direct Mail
Target Minority Owned Media Percentage: 10-12% of media cost
Hispanic-Owned
African American-Owned
6
Part II: PROCUREMENTS
Item 1: Advertising Expenditures for Milwaukee Public TV
Monthly Actual
Milwaukee Public Television Media
EICHENBAUM / ASSOCIATES
219 North Milwaukee Street
Milwaukee, WI 53202
P: 414.225.0011 / F: 414.225.0022
MINORITY SPENDING REPORTS
FY2012: July 2012 - June 2013
(Media amounts by month billed)
AS OF 8/31/2012
TOTAL MEDIA SPENDING (ALL TARGETS)
Month
July
August
September
October
November
December
January
February
March
April
May
June
Total
Radio
$2,855.73
$0.00
$2,855.73
TV
$0.00
$0.00
Print
$358.67
$0.00
Outdoor
$0.00
$0.00
Online
$0.00
$0.00
$0.00
$358.67
$0.00
$0.00
7
Placed
directly
through
Total Media
MPTV
Placements
$0.00
$3,214.40
$1,650.00
$1,650.00
$1,650.00
$4,864.40
Part II: PROCUREMENTS
Item 2: Advertising Expenditures for MATC
Background Information
Advertising and publicity expenditures are coordinated through an advertising/media firm. The
advertising firm was selected through a formal request for proposal process. The actual placement
of the advertising is then treated as sole source procurement. The advertising agency manages
production and media placement. College media expenses are herewith submitted to the Finance,
Personnel and Operations Committee for review and for presentation to the Board.
College media purchases were executed through Eichenbaum & Associates, Milwaukee, WI, which
receives a commission for placements made. MATC advertising and publicity services placed in
August 2012 plus estimates for September 2012 and October 2012 are listed below and in the
attachments.
August 2012
Advertising expenditures
Minority Media percent was 0%
$2,655.29
September 2012
Advertising estimate
Minority Media percent target is 10-12%
$2,002.31
October 2012
Advertising estimate
Minority Media percent target is 10-12%
$0.00
8
Part II: PROCUREMENTS
Item 2: Advertising Expenditures for MATC
Detail page for August Actual
Milwaukee Area Technical College Media
EICHENBAUM / ASSOCIATES
219 North Milwaukee Street
Milwaukee, WI 53202
P: 414.225.0011 / F: 414.225.0022
August, 2012 Actual
Advertising Objectives:
Print
Media Budget:
$2,655.29
Online
Out-of-Home
Print
Business Journal
$2,655.29
Radio
Television
Target Minority Media Percentage: 10-12% of media cost
E/A - Production & Marketing Services
$2,325.00
Total Expenditure:
9
$4,980.29
Part II: PROCUREMENTS
Item 2: Advertising Expenditures for MATC
Detail page for September Estimate
Milwaukee Area Technical College Media
EICHENBAUM / ASSOCIATES
219 North Milwaukee Street
Milwaukee, WI 53202
P: 414.225.0011 / F: 414.225.0022
September, 2012 Estimate
Advertising Objectives:
Print
Media Budget:
$2,002.31
Online
Out-of-Home
Print
Milwaukee Journal Sentinel: College & Career Guide
$2,002.31
Radio
Television
Target Minority Media Percentage: 10-12% of media cost
E/A - Production & Marketing Services
$7,500
Total Estimated Expenditure:
10
$4,004.62
Part II: PROCUREMENTS
Item 2: Advertising Expenditures for MATC
Detail page for October Estimate
Milwaukee Area Technical College Media
EICHENBAUM / ASSOCIATES
219 North Milwaukee Street
Milwaukee, WI 53202
P: 414.225.0011 / F: 414.225.0022
October, 2012 Estimate
Advertising Objectives:
Media Budget:
$0.00
Out-of-Home
Print
Radio
Television
Target Minority Media Percentage: 10-12% of media cost
E/A - Production & Marketing Services
$0.00
Total Estimated Expenditure:
11
$0.00
Part II: PROCUREMENTS
Item 2: Advertising Expenditures for MATC
Monthly Actual
Milwaukee Area Technical College Media
EICHENBAUM / ASSOCIATES
219 North Milwaukee Street
Milwaukee, WI 53202
P: 414.225.0011 / F: 414.225.0022
MINORITY SPENDING REPORTS
FY2013: July 2012 - June 2013
(Media amounts by month billed)
AS OF 8/30/2012
TOTAL MEDIA SPENDING (ALL TARGETS)
Month
July
August
September
October
November
December
January
February
March
April
May
June
Total
Radio
$0.00
$0.00
$0.00
TV
$0.00
$0.00
Print
$0.00
$2,655.29
Outdoor
$0.00
$0.00
Online
$0.00
$0.00
$0.00
$2,655.29
$0.00
$0.00
12
Placed
directly
through
Total Media
MATC
Placements
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
Part II: PROCUREMENTS
Item 3: Snow Removal and Ice Control
Background
Each winter season MATC relies on Building Services employees (MATC staff) to
perform a portion of the snow removal and ice control and contractors to perform the
balance of the work. A Request for Proposals was issued and multiple contractors
responded.
The budget for snow removal and ice control is based on history. However because the
snow and ice conditions are difficult to predict, the amount per contractor is not given.
An evaluation committee comprised of Building Services staff members reviewed and
scored the proposals. The committee recommends the following contractors to provide
snow removal and ice control as shown for the 2012-2013, 2013-2014 and 2014-2015
winter seasons:
Downtown Campus: Birchwood Snow and Landscape Contractors, Milwaukee, WI
Mequon (North) Campus:
Allways Contractors, INC, Elm Grove, WI
Oak Creek (South) Campus: Parking Lot Maintenance, INC, Pewaukee, WI
West Allis (West) Campus: Parking Lot Maintenance, INC, Pewaukee, WI
Positive action by the Board on this item will authorize the award for a three year period
to the contractors as listed.
13
Part II: PROCUREMENTS
Item 4: Multimedia Equipment & Room Installation
Background
MATC is updating the multimedia equipment in up to 60 classrooms during Fiscal Year
2013. The installation of current technology is critical to delivery of training and the
educational experience.
Bid 13-08 was issued. Numerous vendors were solicited to participate. Three vendors
responded with a bid. AV Design Group - $422,340.00, Midwest Media - $586,182.00
and Tierney Brothers - $446,671.05.
AV Design Group: $422,340.00
Positive action by the Board on this item will authorize the award to AV Design Group of
Thiensville, WI.
14
Part II: PROCUREMENTS
Item 5: Credit Card and Travel Expense Management services
Background
MATC staff and Titus Group have completed process improvement exercises for the
MATC Purchasing card program. MATC currently uses a paper process to manage the
P card program and retain records. A Request for Proposals was issued for services to
utilize an electronic based system for the P card program and the potential to
incorporate a Travel Expense program. Three vendors that provide the necessary
software program were solicited. Concur of Eden Prairie, MN responded with a “decline”,
Iridium Group of Morgantown, West Virginia did not respond and InterplX Inc. of
Shakopee, MN provided a proposal.
An evaluation committee reviewed the proposal by InterplX and recommends the award
be issued to InterplX for five (5) years with two (2) one (1) year extensions, with mutual
consent for a total contract period of up to seven (7) years. The cost of the service is
dependent upon the volume of credit card and Travel Expense reports processed. The
estimated cost per fiscal year based on history is $12,000 to $15,000 per year. The
process improvement and elimination of paper supplies and manual processing will
result in a process cost reduction of approximately $110,000 per year.
InterplX: $60,000 to $75,000 for the initial five (5) year contract.
Positive action by the Board on this item will authorize the issuance of the award to
InterplX of Shakopee, MN.
15
Part II: PROCUREMENTS
Item 6: Legal Services
Background:
The college is presented with an increasing complexity of legal issues on a regular basis
such that the Office of the General Counsel needs to rely on outside legal counsel to
address and handle a variety of legal concerns. In addition, there are times when the
Board itself needs counsel distinct from the District.
Also, the college consistently strives to ensure it is in compliance with all applicable laws
and regulations concerning its overall operations. It also aggressively defends against any
claims or allegations of institutional wrongdoing, whether discriminatory or a violation of
law or regulations. The District’s Office of the General Counsel provides oversight in legal
affairs and coordination of the use of outside legal counsel, and is responsible for
providing day to day guidance to the district. Many administrative matters are handled inhouse.
Areas to be managed by outside counsel to the district include, but may not be limited to,
the following areas: employment and labor matters, general real estate, general business,
public finance matters, education law, immigration law, litigation, administrative agency
complaints, student law, general counsel, and board counsel.
The requirements for outside legal services were outlined in Request for Proposal No. 1306, and the bid process was completed in accordance with Board policies and State
regulations. A total of ten (10) responses were received. An internal committee evaluated
the proposals based on the weighted criteria as indicated in the proposal document. The
firms indicated below have been recommended by the committee as the firms to retain for
the designated legal services:
Michael, Best & Friedrich LLC
All outside legal services with the exception of general litigation matters.
Monthly retainer of $25,000.00
Emile Banks & Associates, LLC
General litigation matters to be billed at $200.00 per hour.
Positive action by the Board will result in the engagement of outside legal counsel as set
forth above for a period of three (3) years commencing on October 1, 2012. MATC
reserves the right to extend these agreements by two (2) additional one (1) year periods if
mutually agreeable.
16
Part II: PROCUREMENTS
Item 7: FIELD ADMINISTRATION AND RELATED CONSULTING SERVICES FOR
ANNUAL FACILITIES PROJECTS
Background
Currently the Milwaukee Area Technical College proposes to budget approximately $12
million for the FY13 renovation / remodeling, expansion and improvement of its facilities
throughout the district, which consists of the Milwaukee Campus and three (3) regional
campuses. Also, MATC implements various repair projects via operating departments.
Both of these efforts are conducted within the context of a periodic Three Year Facilities
Plan. The remodeling, expansion, improvement and large scale repair projects are
administered under the direction of the Construction Services Department in accordance
with procurement policies and regulations. In order to implement the necessary projects,
professional consulting services are needed to supplement regular staff resources which
are dedicated to other core tasks. These supplemental services are funded from
appropriate accounts associated with bond issues for capital construction projects.
However, occasionally funding is derived from operating accounts associated with larger
operational projects which also exceed the resources of regular staff.
A Request for Proposal document (RFP #13-07) was prepared for field consulting firms to
provide a Senior Field Administrator (Sr.FA) and / or a Field Administrator (FA). The Senior
Field Administrator shall oversee and coordinate all projects and shall provide these
services as requested by the Director of Construction Services. Hours are likely to range
from 20-60 hours a week and are based on an hourly rate as submitted. The (Sr.FA)
services would be awarded to one (1) firm, would be ongoing, not requiring a secondary
RFP. The RFP document solicited proposals for a three (3) year agreement for each of the
required categories with two (2) one (1) year extensions available.
The scores awarded to the respondents are based on a possible total of 100 in accordance
with evaluation criteria published in the RFP document. Cost was a 30% weighted factor in
the total scoring system. While hourly fees quotations were requested for studies and
scope refinement efforts, the objective of this RFP was to identify firms that were willing to
submit lump sump fees that would generally not exceed 5% of the contracted construction
cost for Field Administrator (FA) Services. The identification of these firms using the scoring
system would yield a “short list” of firms providing Field Administrative services for specific
projects or groups of projects. The six (6) short list firms would then be given the
opportunity to submit specific lump sum proposals (plus limited reimbursable expenses) for
specific projects or groups of projects at later dates. Total fees are expected to range
annually from about $400,000-$600,000, depending on the scope and nature of the specific
projects / budgets.
17
Part II: PROCUREMENTS
Item 1: FIELD ADMINISTRATION AND RELATED CONSULTING SERVICES FOR
ANNUAL FACILITIES PROJECTS
PAGE 2
The firms indicated with an asterisk are the recommended short list firms. Two or more of
the short list firms will be given the initial opportunity for secondary finite proposals,
provided they all are considered to be an acceptable match for the proposed project or
group (size, specialty, current workload, etc.). Over 10 firms were specifically solicited. In
addition advertisements were placed in the Daily Reporter, Spanish Journal and the
Milwaukee Courier. Proposals were initially opened on August 27, 2012. Competitive
selection procedures were used to evaluate these proposals. Results of that process are
as follows:
PROPOSAL EVALUATION SCORES
Senior Field Administrator (Sr. FA)
Toki & Associates, Inc.
92.33
Field Administrator (FA)
Geopassive Development Corp
Gilbane Building Company
MA Mortenson
SIGMA Group
Toki & Associates, Inc.
VJS Construction
75.00*
81.33*
67.66*
63.00*
92.33*
82.33*
Positive action by the Board will result in the authorization to issue an award to Toki &
Associates, Inc for one Senior Field Administrator (Sr FA) at the proposed rate of $100 per
hour. (Hours to be determined by need as projects are approved and assigned.)
Positive action by the Board will result in the authorization of the administration to seek
more definitive proposals for specific projects or project groups from the “short list” firms
indicated by the asterisks (*) without returning for additional Board action. The successful
short list firms will be issued purchase orders for the respective final proposed dollar
amounts and other terms of the RFP. In a limited number of cases (preliminary studies,
etc.), tasks will be done on an hourly basis (as determined by the administration).
18
Attachment FPO - 6
$1,500,000.00
Milwaukee Area Technical College District, Wisconsin
General Obligation Promissory Notes, Series 2012-13D
RESOLUTION AUTHORIZING THE SALE OF $1,500,000.00
GENERAL OBLIGATION PROMISSORY NOTES, SERIES 2012-13D
Resolution F0006-09-12
WHEREAS, pursuant to Section 67.12(12) of the Wisconsin Statutes, as amended
(the “Act”), the Milwaukee Area Technical College District, Wisconsin (the “District”), is
authorized to issue notes of the District in the aggregate amount of $1,500,000.00 for the
public purpose of financing building remodeling and improvement projects, consisting of
projects included in the District's 2012-2013 building remodeling and improvement program
(the public purpose projects described above are hereafter referred to as the “Public
Purposes”); and
WHEREAS, on August 28, 2012, the District authorized the issuance of
$1,500,000.00 General Obligation Promissory Notes, Series 2012-13D (the “Notes”) for the
Public Purposes; and
WHEREAS, the District has prepared and distributed a Preliminary Official
Statement (the “Preliminary Official Statement”) dated September ___, 2012 describing the
Notes and the security therefor; and
WHEREAS, the District has examined proposed documentation for the Notes
(collectively, the “Note Documents”), as follows:
(a)
an Official Notice of Sale issued by the District and a Parity Bid Form
(the “Note Purchase Agreement”) to be entered into between the District and the
Underwriter, providing for the sale of the Notes; and
(b)
the Preliminary Official Statement.
WHEREAS, it is now expedient and necessary for the District to issue its general
obligation promissory notes in the amount of $1,500,000.00 for the Public Purposes;
NOW, THEREFORE, the District hereby resolves as follows:
Section 1. Definitions. The following terms shall have the following meanings in this
Resolution unless the text expressly or by implication requires otherwise:
“Act” shall mean Section 67.12(12) of the Wisconsin Statutes;
“Code” shall mean the Internal Revenue Code of 1986, as amended;
“Continuing Disclosure Agreement” shall mean the Continuing Disclosure
Agreement, executed and delivered by the Issuer, dated October ___, 2012 (the
“Continuing Disclosure Agreement”), delivered by the District for the purpose of complying
with the requirements of Rule 15c2-12 promulgated by the Securities and Exchange
Commission under the Securities Exchange Act of 1934, as amended;
“Dated Date” shall mean October ___, 2012;
“Debt Service Fund” shall mean the Debt Service Fund of the District, which shall be
the “special redemption fund” as such term is defined in the Act;
“District” shall mean the Milwaukee Area Technical College District, Wisconsin;
“Fiscal Agent” shall mean the Treasurer of the District;
“Governing Body” shall mean the Board of the District, or such other body as may
hereafter be the chief legislative body of the District;
“Initial Resolution” shall mean the “Resolution Authorizing the Issuance of
$1,500,000.00 General Obligation Promissory Notes, Series 2012-13D of Milwaukee Area
Technical College District, Wisconsin”, adopted by the Governing Body on August 28,
2012;
“Note Registrar” means the Secretary of the District;
“Notes” shall mean the $1,500,000.00 General Obligation Promissory Notes, Series
2012-13D, of the District;
“Public Purposes” shall mean the public purpose of financing $1,500,000.00 of
building remodeling and improvement projects, consisting of projects included in the
District's 2012-2013 building remodeling and improvement program;
“Purchase Price” shall mean $________________ ($1,500,000.00 par amount of
Notes, plus premium of $___________, less underwriter's discount of $______);
“Record Date” shall mean the close of business on the fifteenth day of the calendar
month next preceding any principal or interest payment date;
“Securities Depository” means The Depository Trust Company, New York, New
York, or its nominee; and
“Underwriter” means ____________________.
Section 2. Authorization of the Notes. For the purpose of financing the Public
Purposes, there shall be borrowed on the full faith and credit of the District the sum of
2
$1,500,000.00; and fully registered general obligation promissory notes of the District are
authorized to be issued in evidence thereof.
Section 3. Sale of the Notes. To evidence such indebtedness, the Chairperson and
the Secretary of the District are hereby authorized, empowered and directed to make,
execute, issue and sell to the Underwriter for, on behalf of and in the name of the District,
general obligation promissory notes in the aggregate principal amount of One Million Five
Hundred Thousand Dollars ($1,500,000.00) for the Purchase Price, plus accrued interest
to the date of delivery.
Section 4. Terms of the Notes. The Notes shall be designated “General Obligation
Promissory Notes, Series 2012-13D”; shall be dated the Dated Date; shall be numbered
one and upward; shall bear interest as shown on the Maturity Schedule below; shall be
issued in denominations of $5,000 or any integral multiple thereof; and shall mature on the
dates and in the amounts as set forth below. Interest on the Notes shall accrue from the
Interest Accrual Date and shall be payable semi-annually on June 1 and December 1 of
each year, commencing on __________________.
MATURITY SCHEDULE
Maturity
Date
Principal
Amount
Interest
Rate
June 1, 2014
June 1, 2015
June 1, 2016
June 1, 2017
The Notes of this issue shall not be subject to call and payment prior to maturity.
Section 5. Form, Execution, Registration and Payment of the Notes. The Notes
shall be issued as registered obligations in substantially the form attached hereto as
Exhibit A and incorporated herein by this reference.
The Notes shall be executed in the name of the District by the manual signatures of
the Chairperson and the Secretary, and may be sealed with its official or corporate seal, if
any.
The principal of, premium, if any, and interest on the Notes shall be paid by the
Fiscal Agent.
Both the principal of and interest on the Notes shall be payable in lawful money of
the United States of America by the Fiscal Agent. Payment of principal of the final maturity
on the Notes will be payable upon presentation and surrender of the Notes to the Fiscal
Agent. Payment of principal on the Notes (except the final maturity) and each installment
of interest shall be made to the registered owner of each Note who shall appear on the
registration books of the District, maintained by the Note Registrar, on the Record Date and
shall be paid by check or draft of the Fiscal Agent and mailed to such registered owner at
the address appearing on such registration books or at such other address may be
furnished in writing to such registered owner to the Note Registrar.
Section 6. Note Proceeds. The sale proceeds of the Notes (exclusive of accrued
interest, printing distribution and filing fees, and any premium received) shall, forthwith
upon receipt, be placed in and kept by the District Treasurer as a separate fund to be
known as the Promissory Notes, Series 2012-13D, Borrowed Money Fund (hereinafter
referred to as the “Borrowed Money Fund”). Moneys in the Borrowed Money Fund shall be
used solely for the purposes for which borrowed or for transfer to the Debt Service Fund as
provided by law.
Section 7. Tax Levy. In order to provide for the collection of a direct annual tax
sufficient in amount to pay and for the express purpose of paying the interest on the Notes
as it falls due and also to pay and discharge the principal thereof at maturity, there is
hereby levied upon all of the taxable property in the District, in addition to all other taxes, a
nonrepealable, direct, annual tax in an amount sufficient for that purpose. This tax shall be
from year to year carried into the tax roll of the District and collected in addition to all other
taxes and in the same manner and at the same time. Said tax is to be for the following
years and in the following minimum amounts:
Year of Levy
2011
2012
2013
2014
2015
2016
Amount of Tax
$___________
$___________
$___________
$___________
$___________
$___________
The District shall be and continue without power to repeal such levy or obstruct the
collection of said tax until all such payments have been made or provided for. After the
issuance of the Notes, said tax shall be carried into the tax rolls of the District and collected
as other taxes are collected, provided that the amount of tax carried into said tax rolls with
respect to the Notes may be reduced by the amount of any surplus money in the Debt
Service Fund created pursuant to Section 8 below.
If there shall be insufficient funds from the tax levy to pay the principal of or interest
on the Notes when due, the said principal or interest shall be paid from other funds of the
District on hand, said amounts to be returned when said taxes have been collected.
There be and there hereby is appropriated from taxes levied by the District in
anticipation of the issuance of the Notes and other funds of the District on hand a sum
sufficient to be deposited in the Debt Service Fund to meet payments with respect to debt
service due on _______________. The tax herein levied for the year _________ shall be
abated by the amount appropriated by this paragraph and deposited in the Debt Service
4
Fund.
Section 8. Debt Service Fund. Within the debt service fund previously established
within the treasury of the District, there be and there hereby is established a separate and
distinct fund designated as the “Debt Service Fund for $1,500,000.00 General Obligation
Promissory Notes, Series 2012-13D, dated October ___, 2012” (the “Debt Service Fund”),
and such fund shall be maintained until the indebtedness evidenced by the Notes is fully
paid or otherwise extinguished. The District Treasurer shall deposit in such Debt Service
Fund (i) all accrued interest received by the District at the time of delivery of and payment
for the Notes; (ii) the taxes herein levied for the specific purpose of meeting principal of and
interest on the Notes when due; (iii) such other sums as may be necessary at any time to
pay principal of and interest on the Notes when due; (iv) any premium which may be
received by the District above the par value of the Notes and accrued interest thereon; (v)
surplus moneys in the Borrowed Money Fund for the Notes; and (vi) such further deposits
as may be required by Section 67.11 of the Wisconsin Statutes.
No money shall be withdrawn from the Debt Service Fund and appropriated for any
purpose other than the payment of principal of and interest on the Notes until all such
principal and interest has been paid in full and canceled; provided (i) the funds to provide
for each payment of principal of and interest on the Notes prior to the scheduled receipt of
taxes from the next succeeding tax collection may be invested in direct obligations of the
United States of America maturing in time to make such payments when they are due or in
other investments permitted by law; and (ii) any funds over and above the amount of such
principal and interest payments on the Notes may be used to reduce the next succeeding
tax levy, or may, at the option of the District, be invested by purchasing the Notes as
permitted by and subject to Section 67.11(2)(a) of the Wisconsin Statutes in interestbearing obligations of the United States of America, in other obligations of the District or in
other investments permitted by law, which investments shall continue as a part of the Debt
Service Fund.
When all of the Notes have been paid in full and canceled, and all permitted
investments disposed of, any money remaining in the Debt Service Fund shall be
deposited in the general fund of the District, unless the District Board directs otherwise.
Section 9. Deposits and Investments. The Debt Service Fund shall be kept apart
from moneys in the other funds and accounts of the District and the same shall be used for
no purpose other than the prompt payment of principal of and interest on the Notes as the
same becomes due and payable. All moneys therein shall be deposited in special and
segregated accounts in a public depository selected under Chapter 34 of the Wisconsin
Statutes and may be temporarily invested until needed in legal investments subject to the
provisions of Sections 66.0603(1m) and 67.10(3) of the Wisconsin Statutes. All income
derived from such investments shall be regarded as revenues of the District. No such
investment shall be in such a manner as would cause the Notes to be “arbitrage bonds”
within the meaning of Section 148 of the Code or the Regulations of the Commissioner of
Internal Revenue thereunder.
5
The District Treasurer shall, on the basis of the facts, estimates and circumstances
in existence on the date of closing, make such certifications as are necessary to permit the
conclusion that the Notes are not “arbitrage bonds” under Section 148 of the Code or the
Regulations of the Commissioner of Internal Revenue thereunder.
Section 10. Sale of Notes. The terms, conditions and provisions of the Notes and
the Note Documents are, in all respects, authorized and approved. The form of the Note
Purchase Agreement is hereby approved. The Notes shall be sold and delivered in the
manner, at the Purchase Price, plus interest accrued from the Interest Accrual Date to the
closing date, pursuant to the terms and conditions set forth in the Note Purchase
Agreement.
The preparation of the Preliminary Official Statement dated September ___, 2012,
and the Final Official Statement dated September 25, 2012, and their use as contemplated
in the Note Purchase Agreement, are hereby approved. The Preliminary Official Statement
is “deemed final” as of its date, except for omissions or subsequent modifications permitted
under Rule 15c2-12 of the Securities and Exchange Commission. The Chairperson and
Secretary of the District are authorized and directed to do any and all acts necessary to
conclude delivery of the Notes to the Underwriter, as soon after adoption of this Resolution
as is convenient.
Section 11. Book-Entry Only Notes. The Notes shall be transferable as follows:
(a)
Each maturity of Notes will be issued as a single Note in the name of the
Securities Depository, or its nominee, which will act as depository for the Notes. During the
term of the Notes, ownership and subsequent transfers of ownership will be reflected by
book entry on the records of the Securities Depository and those financial institutions for
whom the Securities Depository effects book entry transfers (collectively, the
“Participants”). No person for whom a Participant has an interest in Notes (a “Beneficial
Owner”) shall receive bond certificates representing their respective interest in the Notes
except in the event that the Securities Depository or the District shall determine, at its
option, to terminate the book-entry system described in this Section. Payment of principal
of, and interest on, the Notes will be made by the Fiscal Agent to the Securities Depository
which will in turn remit such payment of principal and interest to its Participants which will in
turn remit such principal and interest to the Beneficial Owners of the Notes until and unless
the Securities Depository or the District elect to terminate the book entry system,
whereupon the District shall deliver bond certificates to the Beneficial Owners of the Notes
or their nominees. Note certificates issued under this Section may not be transferred or
exchanged except as provided in this Section.
(b)
Upon the reduction of the principal amount of any maturity of Notes, the
Registered Noteowner may make a notation of such redemption on the panel of the Note,
stating the amount so redeemed, or may return the Note to the District for exchange for a
new Note in a proper principal amount. Such notation, if made by the Noteowner, may be
made for reference only, and may not be relied upon by any other person as being in any
6
way determinative of the principal amount of such Note Outstanding, unless the Note
Registrar initialed the notation on the panel.
(c)
Immediately upon delivery of the Notes to the purchasers thereof on the
delivery date, such purchasers shall deposit the bond certificates representing all of the
Notes with the Securities Depository. The Securities Depository, or its nominee, will be the
sole Noteowner of the Notes, and no investor or other party purchasing, selling or
otherwise transferring ownership of any Notes will receive, hold or deliver any bond
certificates as long as the Securities Depository holds the Notes immobilized from
circulation.
(d)
The Notes may not be transferred or exchanged except:
(1)
To any successor of the Securities Depository (or its nominee) or any
substitute depository (“Substitute Depository”) designated pursuant to (ii) below,
provided that any successor of the Securities Depository or any Substitute
Depository must be a qualified and registered “clearing agency” as provided in
Section 17A of the Securities Exchange Act of 1934, as amended;
(2)
To a Substitute Depository designated by or acceptable to the District
upon (a) the determination by the Securities Depository that the Notes shall no
longer be eligible for depository services or (b) a determination by the District that
the Securities Depository is no longer able to carry out its functions, provided that
any such Substitute Depository must be qualified to act as such, as provided in
subparagraph (1) above; or
(3)
To those persons to whom transfer is requested in written transfer
instructions in the event that:
(i)
The Securities Depository shall resign or discontinue its
services for the Notes and, only if the District is unable to locate a qualified
successor within two months following the resignation or determination of
noneligibility, or
(ii)
Upon a determination by the District that the continuation of the
book entry system described herein, which precludes the issuance of
certificates to any Noteowner other than the Securities Depository (or its
nominee) is no longer in the best interest of the Beneficial Owners of the
Notes.
(e)
The Depository Trust Company, New York, New York, is hereby appointed
the Securities Depository for the Notes.
Section 12. Undertaking to Provide Continuing Disclosure. The Chairperson and
the Secretary of the District are hereby authorized and directed to execute on behalf of the
District, the Continuing Disclosure Agreement in connection with the Notes for the purpose
of complying with the requirements of Rule 15c2-12 promulgated by the Securities and
Exchange Commission under the Securities Exchange Act of 1934, as amended.
Section 13. Compliance with Federal Tax Laws.
(a)
The District represents and covenants that the project financed by the Notes
and their ownership, management and use will not cause the Notes to be “private activity
bonds” within the meaning of Section 141 of the Code, and the District shall comply with
the provisions of the Code to the extent necessary to maintain the tax-exempt status of the
interest on the Notes.
(b)
The District also covenants to use its best efforts to meet the requirements
and restrictions of any different or additional federal legislation which may be made
applicable to the Notes, provided that in meeting such requirements the District will do so
only to the extent consistent with the proceedings authorizing the Notes and the laws of
Wisconsin, and to the extent there is a reasonable period of time in which to comply.
Section 14. Rebate Fund. If necessary, the District shall establish and maintain, so
long as the Notes are outstanding, a separate account to be known as the “Rebate Fund”
for the purpose of complying with the rebate requirements of Section 148(f) of the Code.
The Rebate Fund is for the sole purpose of paying rebate to the United States of America,
if any, on amounts of bond proceeds held by the District. The District hereby covenants
and agrees that it shall pay from the Rebate Fund the rebate amounts as determined
herein to the United States of America.
The District may engage the services of accountants, attorneys, or other consultants
necessary to assist it in determining rebate amounts. Amounts held in the Rebate Fund
and the investment income therefrom are not pledged as security for the Notes and may
only be used to pay amounts to the United States. The District shall maintain or cause to
be maintained records of such determinations until six (6) years after payment in full of the
Notes and shall make such records available upon reasonable request therefor.
Section 15. Defeasance. When all Notes have been discharged, all pledges,
covenants and other rights granted to the owners thereof by this Resolution shall cease.
The District may discharge all Notes due on any date by irrevocably depositing in escrow
with a suitable bank or trust company a sum of cash and/or bonds or securities issued or
guaranteed as to principal and interest of the U.S. Government, or of a commission, board
or other instrumentality of the U.S. Government (“Government Obligations”), or of
securities wholly and irrevocably secured as to principal and interest by Government
Obligations and rated in the highest rating category of a nationally recognized rating
service, maturing on the dates and bearing interest at the rates required to provide funds
sufficient to pay when due the interest to accrue on each of said Note to its maturity or, at
the District's option, if said Note is prepayable to any prior date upon which it may be called
for redemption, and to pay and redeem the principal amount of each such Note at maturity,
or at the District's option, if said Note is prepayable, at its earliest redemption date, with the
premium required for such redemption, if any, provided that notice of the redemption of all
8
prepayable Notes on such date has been duly given or provided for.
Section 16. Resolution a Contract. The provisions of this Resolution shall
constitute a contract between the District and the owner or owners of the Notes, and after
issuance of any of the Notes no change or alteration of any kind in the provisions of this
Resolution may be made, except as provided in Section 18, until all of the Notes have been
paid in full as to both principal and interest. The owner or owners of any of the Notes shall
have the right in addition to all other rights, by mandamus or other suit or action in any
court of competent jurisdiction, to enforce such owner's or owners' rights against the
District, the Governing Body thereof, and any and all officers and agents thereof including,
but without limitation, the right to require the District, its Governing Body and any other
authorized body, to fix and collect rates and charges fully adequate to carry out all of the
provisions and agreements contained in this Resolution.
Section 17. General Authorizations. The Chairperson and the Secretary of the
District and the appropriate deputies and officials of the District in accordance with their
assigned responsibilities are hereby each authorized to execute, deliver, publish, file and
record such other documents, instruments, notices and records and to take such other
actions as shall be necessary or desirable to accomplish the purposes of this Resolution
and to comply with and perform the obligations of the District under the Notes. The
execution or written approval of any document by the Chairperson or Secretary of the
District herein authorized shall be conclusive evidence of the approval by the District of
such document in accordance with the terms hereof.
In the event that said officers shall be unable by reason of death, disability, absence
or vacancy of office to perform in timely fashion any of the duties specified herein (such as
the execution of Notes), such duties shall be performed by the officer or official succeeding
to such duties in accordance with law and the rules of the District.
Any actions taken by the Chairperson and Secretary consistent with this Resolution
are hereby ratified and confirmed.
Section 18. Amendment to Resolution. After the issuance of any of the Notes, no
change or alteration of any kind in the provisions of this Resolution may be made until all of
the Notes have been paid in full as to both principal and interest, or discharged as herein
provided, except: (a) the District may, from to time, amend this Resolution without the
consent of any of the owners of the Notes, but only to cure any ambiguity, administrative
conflict, formal defect, or omission or procedural inconsistency of this Resolution; and (b)
this Resolution may be amended, in any respect, with a written consent of the owners of
not less than two-thirds (2/3) of the principal amount of the Notes then outstanding;
provided, however, that no amendment shall permit any change in the pledge of tax
revenues of the District or the maturity of any Note issued hereunder, or a reduction in the
rate of interest on any Note, or in the amount of the principal obligation thereof, or in the
amount of the redemption premium payable in the case of redemption thereof, or change
the terms upon which the Notes may be redeemed or make any other modification in the
terms of the payment of such principal or interest without the written consent of the owner
9
of each such Note to which the change is applicable.
Section 19. Illegal or Invalid Provisions. In case any one or more of the provisions
of this Resolution or any of the Notes shall for any reason be held to be illegal or invalid,
such illegality or invalidity shall not affect any other provision of this Resolution or of the
Notes.
Section 20. Conflicting Resolutions. All ordinances, resolutions, or orders, or parts
thereof heretofore enacted, adopted or entered, in conflict with the provisions of this
Resolution, are hereby repealed and this Resolution shall be in effect from and after its
passage.
[SIGNATURE PAGE TO FOLLOW]
10
Adopted: September 25, 2012.
Ann Wilson
Chairperson of the District
Attest:
Lauren Baker
Secretary of the District
Recorded on September 25, 2012.
Lauren Baker
Secretary of the District
[Signature Page of Sale Resolution]
$1,500,000.00 Milwaukee Area Technical College District, Wisconsin
General Obligation Promissory Notes, Series 2012-13D
EXHIBIT A
UNITED STATES OF AMERICA
STATE OF WISCONSIN
MILWAUKEE AREA TECHNICAL COLLEGE DISTRICT
GENERAL OBLIGATION PROMISSORY NOTE, SERIES 2012-13D
Number
Interest
Rate
Maturity Date
Dated Date
Principal
Amount
R-___
____%
__________
October ___, 2012
$_____
CUSIP
FOR VALUE RECEIVED, Milwaukee Area Technical College District, Wisconsin,
promises to pay to CEDE & CO., or registered assigns, the principal sum of
___________________ ($_________) on the maturity date specified above, together with
interest thereon from _________________, 2012 or the most recent payment date to
which interest has been paid, unless the date of registration of this Note is after the 15th
day of the calendar month immediately preceding an interest payment date, in which case
interest will be paid from such interest payment date, at the rate per annum specified
above, such interest being payable on June 1 and December 1 of each year, with the first
interest on this issue being payable on ____________, 2012.
The Notes of this issue shall not be subject to call and payment prior to maturity.
Both principal hereof and interest hereon are hereby made payable to the registered
owner in lawful money of the United States of America, and for the prompt payment of this
Note with interest thereon as aforesaid, and the levying and collection of taxes sufficient for
that purpose, the full faith, credit and resources of the District are hereby irrevocably
pledged. The principal of this Note shall be payable only upon presentation and surrender
of this Note to the District Treasurer at the principal office of the District. Interest hereon
shall be payable by check or draft dated as of the applicable interest payment date and
mailed from the office of the District Treasurer to the person in whose name this Note is
registered at the close of business on the fifteenth day of the calendar month next
preceding each interest payment date.
This Note is transferable only upon the books of the District kept for that purpose by
the District Secretary at the principal office of the District, by the registered owner in person
or his duly authorized attorney, upon surrender of this Note together with a written
instrument of transfer (which may be endorsed hereon) satisfactory to the District Secretary
duly executed by the registered owner or his duly authorized attorney. Thereupon a new
Note or Notes of the same aggregate principal amount, series and maturity shall be issued
A-1
to the transferee in exchange therefor. The District may deem and treat the person in
whose name this Note is registered as the absolute owner hereof for the purpose of
receiving payment of or on account of the principal or interest hereof and for all other
purposes. The Notes are issuable solely as negotiable, fully registered Notes without
coupons in authorized denominations of $5,000 or any whole multiple thereof.
This Note is one of an issue aggregating $1,500,000.00 issued pursuant to the
provisions of Section 67.12(12) of the Wisconsin Statutes, for the public purpose of
financing $1,500,000.00 building remodeling and improvement projects, consisting of
projects included in the District's 2012-2013 building remodeling and improvement program
(the public purpose projects described above are hereafter referred to as the “Public
Purposes”) and is authorized by a resolution of the District Board of the District, duly
adopted by said District Board at its meeting duly convened on September 25, 2012, which
resolution is recorded in the official book of its minutes for said date.
It is hereby certified and recited that all conditions, things and acts required by law
to exist or to be done prior to and in connection with the issuance of this Note have been
done, have existed and have been performed in due form and time; that the aggregate
indebtedness of the District, including this Note and others authorized simultaneously
herewith, does not exceed any limitations imposed by law or the Constitution of the State of
Wisconsin; and that the District has levied a direct, annual irrepealable tax sufficient to pay
this Note, together with interest thereon when and as payable.
No delay or omission on the part of the owner hereof to exercise any right
hereunder shall impair such right or be considered as a waiver thereof or as a waiver of or
acquiescence in any default hereunder.
A-2
IN WITNESS WHEREOF, the District Board of Milwaukee Area Technical College
District, Wisconsin, has caused this Note to be signed on behalf of said District by its duly
qualified and acting Chairperson and Secretary, and its corporate seal to be impressed
hereon, all as of the date of original issue specified above.
MILWAUKEE AREA TECHNICAL
COLLEGE DISTRICT, WISCONSIN
By:
Ann Wilson
Chairperson of the District
Attest:
Lauren Baker
Secretary of the District
A-3
(Form of Assignment)
FOR VALUE RECEIVED the undersigned hereby sells, assigns and transfers unto
(Please print or typewrite name and address,
including zip code, of Assignee)
(Please print or typewrite Social Security or
other identifying number of Assignee)
the within Note and all rights thereunder, hereby irrevocably constituting and appointing
(Please print or type name of Attorney)
Attorney to transfer said Note on the books kept for the registration thereof with full power of
substitution in the premises.
Dated:
NOTICE: The signature to this assignment must
correspond with the name as it appears upon the
face of the within Note in every particular without
alteration or enlargement or any change whatever.
Signature(s) guaranteed by:
A-4
Attachment FPO - 7
$10,000,000.00
Milwaukee Area Technical College District, Wisconsin
Taxable General Obligation Refunding Bonds, Series 2012-13E
(Refunding Bonds)
RESOLUTION AUTHORIZING THE SALE OF $10,000,000.00
TAXABLE GENERAL OBLIGATION REFUNDING BONDS, SERIES 2012-13E
Resolution F0007-09-12
WHEREAS, pursuant to Section 67.05 of the Wisconsin Statutes, as amended (the
“Act”), the Milwaukee Area Technical College District, Wisconsin (the “District”), is
authorized to issue bonds of the District in the aggregate amount of $10,000,000.00 for the
public purpose of refunding that certain Series 2012-2013A Taxable General Obligation
Promissory Note issued on July 16, 2012 for the public purpose of financing certain Other
Post-Employment Benefits’ obligations of the District included in the District's 2012-2013
budget (the public purpose project described above is hereafter referred to as the “Public
Purpose”); and
WHEREAS, on August 28, 2012, the District authorized the issuance of
$10,000,000.00 Taxable General Obligation Refunding Bonds, Series 2012-13E (the
“Bonds”) for the Public Purpose; and
WHEREAS, the District has prepared and distributed a Preliminary Official
Statement (the “Preliminary Official Statement”) dated September ___, 2012 describing the
Bonds and the security therefor; and
WHEREAS, the District has examined proposed documentation for the Bonds
(collectively, the “Bond Documents”), as follows:
(a)
an Official Notice of Sale issued by the District, and a Parity Bid Form
(the “Bond Purchase Agreement”) to be entered into between the District and the
Underwriter, providing for the sale of the Bonds; and
(b)
the Preliminary Official Statement.
WHEREAS, it is now expedient and necessary for the District to issue its taxable
General Obligation Refunding Bonds in the amount of $10,000,000.00 for the Public
Purpose;
NOW, THEREFORE, the District hereby resolves as follows:
Section 1. Definitions. The following terms shall have the following meanings in this
Resolution unless the text expressly or by implication requires otherwise:
“Act” shall mean Section 67.05 of the Wisconsin Statutes;
“Code” shall mean the Internal Revenue Code of 1986, as amended;
“Continuing Disclosure Agreement” shall mean the Continuing Disclosure
Agreement, executed and delivered by the Issuer, dated October ___, 2012 (the
“Continuing Disclosure Agreement”), delivered by the District for the purpose of complying
with the requirements of Rule 15c2-12 promulgated by the Securities and Exchange
Commission under the Securities Exchange Act of 1934, as amended;
“Dated Date” shall mean October ___, 2012;
“Debt Service Fund” shall mean the Debt Service Fund of the District, which shall be
the “special redemption fund” as such term is defined in the Act;
“District” shall mean the Milwaukee Area Technical College District, Wisconsin;
“Fiscal Agent” shall mean the Treasurer of the District;
“Governing Body” shall mean the Board of the District, or such other body as may
hereafter be the chief legislative body of the District;
“Initial Resolution” shall mean the “Resolution Authorizing the Issuance of
$10,000,000 Taxable General Obligation Refunding Bonds, Series 2012-13E of Milwaukee
Area Technical College District, Wisconsin”, adopted by the Governing Body on August 28,
2012;
“Bond Registrar” means the Secretary of the District;
“Bonds” shall mean the $10,000,000.00 Taxable General Obligation Refunding
Bonds, Series 2012-13E, of the District;
“Public Purpose” shall mean, the public purpose of financing $10,000,000.00 of
Other Post-Employment Benefits’ obligations of the District included in the District's 20122013 budget;
“Purchase Price” shall mean $________________ ($10,000,000.00 par amount of
Bonds, plus premium of $___________, less underwriter's discount of $______);
“Record Date” shall mean the close of business on the fifteenth day of the calendar
month next preceding any principal or interest payment date;
“Securities Depository” means The Depository Trust Company, New York, New
York, or its nominee; and
“Underwriter” means ______________________.
2
Section 2. Authorization of the Bonds. For the purpose of financing the Public
Purpose, there shall be borrowed on the full faith and credit of the District the sum of
$10,000,000.00; and fully registered Taxable General Obligation Refunding Bonds of the
District are authorized to be issued in evidence thereof.
Section 3. Sale of the Bonds. To evidence such indebtedness, the Chairperson
and the Secretary of the District are hereby authorized, empowered and directed to make,
execute, issue and sell to the Underwriter for, on behalf of and in the name of the District,
Taxable General Obligation Refunding Bonds in the aggregate principal amount of Ten
Million Dollars ($10,000,000.00) for the Purchase Price, plus accrued interest to the date of
delivery.
Section 4. Terms of the Bonds. The Bonds shall be designated “Taxable General
Obligation Refunding Bonds, Series 2012-13E”; shall be dated the Dated Date; shall be
numbered one and upward; shall bear interest as shown on the Maturity Schedule below;
shall be issued in denominations of $5,000 or any integral multiple thereof; and shall
mature on the dates and in the amounts as set forth below. Interest on the Bonds shall
accrue from the Interest Accrual Date and shall be payable at maturity.
MATURITY SCHEDULE
Maturity
Date
Principal
Amount
Interest
Rate
[INSERT DATES]
The Bonds of this issue shall not be subject to call and payment prior to maturity,
except that _____________________.
Section 5. Form, Execution, Registration and Payment of the Bonds. The Bonds
shall be issued as registered obligations in substantially the form attached hereto as
Exhibit A and incorporated herein by this reference.
The Bonds shall be executed in the name of the District by the manual signatures of
the Chairperson and the Secretary, and may be sealed with its official or corporate seal, if
any.
The principal of, premium, if any, and interest on the Bonds shall be paid by the
Fiscal Agent.
Both the principal of and interest on the Bonds shall be payable in lawful money of
the United States of America by the Fiscal Agent. Payment of principal of the final maturity
on the Bonds will be payable upon presentation and surrender of the Bonds to the Fiscal
Agent. Payment of principal any interest on the Bonds (except the final maturity) shall be
made to the registered owner of each Bond who shall appear on the registration books of
the District, maintained by the Bond Registrar, on the Record Date and shall be paid by
3
check or draft of the Fiscal Agent and mailed to such registered owner at the address
appearing on such registration books or at such other address may be furnished in writing
to such registered owner to the Bond Registrar.
Section 6. Bond Proceeds. The sale proceeds of the Bonds (exclusive of accrued
interest, printing distribution and filing fees, and any premium received) shall, forthwith
upon receipt, be placed in and kept by the District Treasurer as a separate fund to be
known as the Bonds, Series 2012-13E, Borrowed Money Fund (hereinafter referred to as
the “Borrowed Money Fund”). Moneys in the Borrowed Money Fund shall be used solely
for the purposes for which borrowed or for transfer to the Debt Service Fund as provided
by law.
Section 7. Tax Levy. In order to provide for the collection of a direct annual tax
sufficient in amount to pay and for the express purpose of paying the interest on the Bonds
as it falls due and also to pay and discharge the principal thereof at maturity, there is
hereby levied upon all of the taxable property in the District, in addition to all other taxes, a
nonrepealable, direct, annual tax in an amount sufficient for that purpose. This tax shall be
from year to year carried into the tax roll of the District and collected in addition to all other
taxes and in the same manner and at the same time. Said tax is to be for the following
years and in the following minimum amounts:
Year of Levy
2012
2013
2014
2015
2016
2017
2018
[INSERT OR DELETE YEARS]
Amount of Tax
$___________
$___________
$___________
$___________
$___________
$___________
$___________
The District shall be and continue without power to repeal such levy or obstruct the
collection of said tax until all such payments have been made or provided for. After the
issuance of the Bonds, said tax shall be carried into the tax rolls of the District and collected
as other taxes are collected, provided that the amount of tax carried into said tax rolls with
respect to the Bonds may be reduced by the amount of any surplus money in the Debt
Service Fund created pursuant to Section 8 below.
If there shall be insufficient funds from the tax levy to pay the principal of or interest
on the Bonds when due, the said principal or interest shall be paid from other funds of the
District on hand, said amounts to be returned when said taxes have been collected.
There be and there hereby is appropriated from taxes levied by the District in
anticipation of the issuance of the Bonds and other funds of the District on hand a sum
sufficient to be deposited in the Debt Service Fund to meet payments with respect to debt
service when due.
4
Section 8. Debt Service Fund. Within the debt service fund previously established
within the treasury of the District, there be and there hereby is established a separate and
distinct fund designated as the “Debt Service Fund for $10,000,000.00 Taxable General
Obligation Refunding Bonds, Series 2012-13E, dated October ___, 2012” (the “Debt
Service Fund”), and such fund shall be maintained until the indebtedness evidenced by the
Bonds is fully paid or otherwise extinguished. The District Treasurer shall deposit in such
Debt Service Fund (i) all accrued interest received by the District at the time of delivery of
and payment for the Bonds; (ii) the taxes herein levied for the specific purpose of meeting
principal of and interest on the Bonds when due; (iii) such other sums as may be
necessary at any time to pay principal of and interest on the Bonds when due; (iv) any
premium which may be received by the District above the par value of the Bonds and
accrued interest thereon; (v) surplus moneys in the Borrowed Money Fund for the Bonds;
and (vi) such further deposits as may be required by the Wisconsin Statutes.
No money shall be withdrawn from the Debt Service Fund and appropriated for any
purpose other than the payment of principal of and interest on the Bonds until all such
principal and interest has been paid in full and canceled; provided (i) the funds to provide
for each payment of principal of and interest on the Bonds prior to the scheduled receipt of
taxes from the next succeeding tax collection may be invested in direct obligations of the
United States of America maturing in time to make such payments when they are due or in
other investments permitted by law; and (ii) any funds over and above the amount of such
principal and interest payments on the Bonds may be used to reduce the next succeeding
tax levy, or may, at the option of the District, be invested by purchasing the Bonds as
permitted by and subject to Section 67.11(2)(a) of the Wisconsin Statutes in interestbearing obligations of the United States of America, in other obligations of the District or in
other investments permitted by law, which investments shall continue as a part of the Debt
Service Fund.
When all of the Bonds have been paid in full and canceled, and all permitted
investments disposed of, any money remaining in the Debt Service Fund shall be
deposited in the general fund of the District, unless the District Board directs otherwise.
Section 9. Deposits and Investments. The Debt Service Fund shall be kept apart
from moneys in the other funds and accounts of the District and the same shall be used for
no purpose other than the prompt payment of principal of and interest on the Bonds as the
same becomes due and payable. All moneys therein shall be deposited in special and
segregated accounts in a public depository selected under Chapter 34 of the Wisconsin
Statutes and may be temporarily invested until needed in legal investments subject to the
provisions of Sections 66.0603(1m) and 67.10(3) of the Wisconsin Statutes. All income
derived from such investments shall be regarded as revenues of the District.
Section 10. Sale of Bonds. The terms, conditions and provisions of the Bonds and
the Bond Documents are, in all respects, authorized and approved. The form of the Bond
Purchase Agreement is hereby approved. The Bonds shall be sold and delivered in the
manner, at the Purchase Price, plus interest accrued from the Interest Accrual Date to the
5
closing date, pursuant to the terms and conditions set forth in the Bond Purchase
Agreement.
The preparation of the Preliminary Official Statement dated September __, 2012,
and the Final Official Statement dated September 25, 2012, and their use as contemplated
in the Bond Purchase Agreement, are hereby approved. The Preliminary Official
Statement is “deemed final” as of its date, except for omissions or subsequent
modifications permitted under Rule 15c2-12 of the Securities and Exchange Commission.
The Chairperson and Secretary of the District are authorized and directed to do any and all
acts necessary to conclude delivery of the Bonds to the Underwriter, as soon after adoption
of this Resolution as is convenient.
Section 11. Book-Entry Only Bonds. The Bonds shall be transferable as follows:
(a)
Each maturity of Bonds will be issued as a single Bond in the name of the
Securities Depository, or its nominee, which will act as depository for the Bonds. During
the term of the Bonds, ownership and subsequent transfers of ownership will be reflected
by book entry on the records of the Securities Depository and those financial institutions for
whom the Securities Depository effects book entry transfers (collectively, the
“Participants”). No person for whom a Participant has an interest in Bonds (a “Beneficial
Owner”) shall receive bond certificates representing their respective interest in the Bonds
except in the event that the Securities Depository or the District shall determine, at its
option, to terminate the book-entry system described in this Section. Payment of principal
of, and interest on, the Bonds will be made by the Fiscal Agent to the Securities Depository
which will in turn remit such payment of principal and interest to its Participants which will in
turn remit such principal and interest to the Beneficial Owners of the Bonds until and unless
the Securities Depository or the District elect to terminate the book entry system,
whereupon the District shall deliver bond certificates to the Beneficial Owners of the Bonds
or their nominees. Bond certificates issued under this Section may not be transferred or
exchanged except as provided in this Section.
(b)
Upon the reduction of the principal amount of any maturity of Bonds, the
Registered Bondowner may make a notation of such redemption on the panel of the Bond,
stating the amount so redeemed, or may return the Bond to the District for exchange for a
new Bond in a proper principal amount. Such notation, if made by the Bondowner, may be
made for reference only, and may not be relied upon by any other person as being in any
way determinative of the principal amount of such Bond Outstanding, unless the Bond
Registrar initialed the notation on the panel.
(c)
Immediately upon delivery of the Bonds to the purchasers thereof on the
delivery date, such purchasers shall deposit the bond certificates representing all of the
Bonds with the Securities Depository. The Securities Depository, or its nominee, will be the
sole Bondowner of the Bonds, and no investor or other party purchasing, selling or
otherwise transferring ownership of any Bonds will receive, hold or deliver any bond
certificates as long as the Securities Depository holds the Bonds immobilized from
circulation.
6
(d)
The Bonds may not be transferred or exchanged except:
(1)
To any successor of the Securities Depository (or its nominee) or any
substitute depository (“Substitute Depository”) designated pursuant to (ii) below,
provided that any successor of the Securities Depository or any Substitute
Depository must be a qualified and registered “clearing agency” as provided in
Section 17A of the Securities Exchange Act of 1934, as amended;
(2)
To a Substitute Depository designated by or acceptable to the District
upon (a) the determination by the Securities Depository that the Bonds shall no
longer be eligible for depository services or (b) a determination by the District that
the Securities Depository is no longer able to carry out its functions, provided that
any such Substitute Depository must be qualified to act as such, as provided in
subparagraph (1) above; or
(3)
To those persons to whom transfer is requested in written transfer
instructions in the event that:
(i)
The Securities Depository shall resign or discontinue its
services for the Bonds and, only if the District is unable to locate a qualified
successor within two months following the resignation or determination of
noneligibility, or
(ii)
Upon a determination by the District that the continuation of the
book entry system described herein, which precludes the issuance of
certificates to any Bondowner other than the Securities Depository (or its
nominee) is no longer in the best interest of the Beneficial Owners of the
Bonds.
(e)
The Depository Trust Company, New York, New York, is hereby appointed
the Securities Depository for the Bonds.
Section 12. Undertaking to Provide Continuing Disclosure. The Chairperson and
the Secretary of the District are hereby authorized and directed to execute on behalf of the
District, the Continuing Disclosure Agreement in connection with the Bonds for the purpose
of complying with the requirements of Rule 15c2-12 promulgated by the Securities and
Exchange Commission under the Securities Exchange Act of 1934, as amended.
Section 13. Compliance with Laws. The District covenants to use its best efforts to
meet the requirements and restrictions of each and every tax and other law or additional
federal legislation which may be made applicable to the Bonds, provided that in meeting
such requirements the District will do so only to the extent consistent with the proceedings
authorizing the Bonds and the laws of Wisconsin, and to the extent there is a reasonable
period of time in which to comply.
7
Section 14. Rebate Fund. Only if and to the extent necessary, the District shall
establish and maintain, so long as the Bonds are outstanding, a separate account to be
known as the “Rebate Fund” for the purpose of complying with the rebate requirements of
Section 148(f) of the Code. The Rebate Fund is for the sole purpose of paying rebate to
the United States of America, if any, on amounts of bond proceeds held by the District.
The District hereby covenants and agrees that it shall pay from the Rebate Fund the rebate
amounts as determined herein to the United States of America.
The District may engage the services of accountants, attorneys, or other consultants
necessary to assist it in determining rebate amounts, if any. Amounts held in the Rebate
Fund and the investment income therefrom are not pledged as security for the Bonds and
may only be used to pay amounts to the United States. If applicable, the District shall
maintain or cause to be maintained records of such determinations until six (6) years after
payment in full of the Bonds and shall make such records available upon reasonable
request therefor.
Section 15. Defeasance. When all Bonds have been discharged, all pledges,
covenants and other rights granted to the owners thereof by this Resolution shall cease.
The District may discharge all Bonds due on any date by irrevocably depositing in escrow
with a suitable bank or trust company a sum of cash and/or bonds or securities issued or
guaranteed as to principal and interest of the U.S. Government, or of a commission, board
or other instrumentality of the U.S. Government (“Government Obligations”), or of
securities wholly and irrevocably secured as to principal and interest by Government
Obligations and rated in the highest rating category of a nationally recognized rating
service, maturing on the dates and bearing interest at the rates required to provide funds
sufficient to pay when due the interest to accrue on each of said Bond to its maturity or, at
the District's option, if said Bond is prepayable to any prior date upon which it may be
called for redemption, and to pay and redeem the principal amount of each such Bond at
maturity, or at the District's option, if said Bond is prepayable, at its earliest redemption
date, with the premium required for such redemption, if any, provided that notice of the
redemption of all prepayable Bonds on such date has been duly given or provided for.
Section 16. Resolution a Contract. The provisions of this Resolution shall
constitute a contract between the District and the owner or owners of the Bonds, and after
issuance of any of the Bonds no change or alteration of any kind in the provisions of this
Resolution may be made, except as provided in Section 18, until all of the Bonds have
been paid in full as to both principal and interest. The owner or owners of any of the Bonds
shall have the right in addition to all other rights, by mandamus or other suit or action in any
court of competent jurisdiction, to enforce such owner's or owners' rights against the
District, the Governing Body thereof, and any and all officers and agents thereof including,
but without limitation, the right to require the District, its Governing Body and any other
authorized body, to fix and collect rates and charges fully adequate to carry out all of the
provisions and agreements contained in this Resolution.
Section 17. General Authorizations. The Chairperson and the Secretary of the
District and the appropriate deputies and officials of the District in accordance with their
8
assigned responsibilities are hereby each authorized to execute, deliver, publish, file and
record such other documents, instruments, notices and records and to take such other
actions as shall be necessary or desirable to accomplish the purposes of this Resolution
and to comply with and perform the obligations of the District under the Bonds. The
execution or written approval of any document by the Chairperson or Secretary of the
District herein authorized shall be conclusive evidence of the approval by the District of
such document in accordance with the terms hereof.
In the event that said officers shall be unable by reason of death, disability, absence
or vacancy of office to perform in timely fashion any of the duties specified herein (such as
the execution of Bonds), such duties shall be performed by the officer or official succeeding
to such duties in accordance with law and the rules of the District.
Any actions taken by the Chairperson and Secretary consistent with this Resolution
are hereby ratified and confirmed.
Section 18. Amendment to Resolution. After the issuance of any of the Bonds, no
change or alteration of any kind in the provisions of this Resolution may be made until all of
the Bonds have been paid in full as to both principal and interest, or discharged as herein
provided, except: (a) the District may, from to time, amend this Resolution without the
consent of any of the owners of the Bonds, but only to cure any ambiguity, administrative
conflict, formal defect, or omission or procedural inconsistency of this Resolution; and (b)
this Resolution may be amended, in any respect, with a written consent of the owners of
not less than two-thirds (2/3) of the principal amount of the Bonds then outstanding;
provided, however, that no amendment shall permit any change in the pledge of tax
revenues of the District or the maturity of any Bond issued hereunder, or a reduction in the
rate of interest on any Bond, or in the amount of the principal obligation thereof, or in the
amount of the redemption premium payable in the case of redemption thereof, or change
the terms upon which the Bonds may be redeemed or make any other modification in the
terms of the payment of such principal or interest without the written consent of the owner
of each such Bond to which the change is applicable.
Section 19. Illegal or Invalid Provisions. In case any one or more of the provisions
of this Resolution or any of the Bonds shall for any reason be held to be illegal or invalid,
such illegality or invalidity shall not affect any other provision of this Resolution or of the
Bonds.
Section 20. Conflicting Resolutions. All ordinances, resolutions, or orders, or parts
thereof heretofore enacted, adopted or entered, in conflict with the provisions of this
Resolution, are hereby repealed and this Resolution shall be in effect from and after its
passage.
[SIGNATURE PAGE TO FOLLOW]
9
Adopted: September 25, 2012.
Ann Wilson, Chairperson
Attest:
Lauren Baker, District Secretary
Recorded on September 25, 2012.
Lauren Baker, District Secretary
[Signature Page of Sale Resolution]
$10,000,000 Milwaukee Area Technical College District, Wisconsin
Taxable General Obligation Refunding Bonds, Series 2012-13E
EXHIBIT A
UNITED STATES OF AMERICA
STATE OF WISCONSIN
MILWAUKEE AREA TECHNICAL COLLEGE DISTRICT
TAXABLE GENERAL OBLIGATION REFUNDING BOND, SERIES 2012-13E
Number
Interest
Rate
Maturity Date
Dated Date
Principal
Amount
R-___
____%
__________
________, 2012
$_____
CUSIP
FOR VALUE RECEIVED, Milwaukee Area Technical College District, Wisconsin,
promises to pay to CEDE & CO., or registered assigns, the principal sum of
___________________ ($_________) on the maturity date specified above, together with
interest thereon from _________________, 2012 or the most recent payment date to
which interest has been paid, unless the date of registration of this Bond is after the 15th
day of the calendar month immediately preceding an interest payment date, in which case
interest will be paid from such interest payment date, at the rate per annum specified
above, such interest being payable at maturity.
The Bonds of this issue shall not be subject to call and payment prior to maturity,
except __________________________.
Both principal hereof and interest hereon are hereby made payable to the registered
owner in lawful money of the United States of America, and for the prompt payment of this
Bond with interest thereon as aforesaid, and the levying and collection of taxes sufficient
for that purpose, the full faith, credit and resources of the District are hereby irrevocably
pledged. The principal of this Bond shall be payable only upon presentation and surrender
of this Bond to the District Treasurer at the principal office of the District. Interest hereon
shall be payable by check or draft dated as of the applicable interest payment date and
mailed from the office of the District Treasurer to the person in whose name this Bond is
registered at the close of business on the fifteenth day of the calendar month next
preceding each interest payment date.
This Bond is transferable only upon the books of the District kept for that purpose by
the District Secretary at the principal office of the District, by the registered owner in person
or his duly authorized attorney, upon surrender of this Bond together with a written
instrument of transfer (which may be endorsed hereon) satisfactory to the District Secretary
duly executed by the registered owner or his duly authorized attorney. Thereupon a new
Bond or Bonds of the same aggregate principal amount, series and maturity shall be
A-1
issued to the transferee in exchange therefor. The District may deem and treat the person
in whose name this Bond is registered as the absolute owner hereof for the purpose of
receiving payment of or on account of the principal or interest hereof and for all other
purposes. The Bonds are issuable solely as negotiable, fully registered Bonds without
coupons in authorized denominations of $5,000 or any whole multiple thereof.
This Bond is one of an issue aggregating $10,000,000.00 issued pursuant to the
provisions of Section 67.05 of the Wisconsin Statutes, for the public purpose of refunding
that certain Series 2012-2013A Taxable General Obligation Promissory Note issued on
July 16, 2012 for the public purpose of financing certain Other Post-Employment Benefits’
obligations of the District included in the District's 2012-2013 budget (the public purpose
project described above is hereafter referred to as the “Public Purpose”) and is authorized
by a resolution of the District Board of the District, duly adopted by said District Board at its
meeting duly convened on ___________, 2012, which resolution is recorded in the official
book of its minutes for said date.
It is hereby certified and recited that all conditions, things and acts required by law
to exist or to be done prior to and in connection with the issuance of this Bond have been
done, have existed and have been performed in due form and time; that the aggregate
indebtedness of the District, including this Bond and others authorized simultaneously
herewith, does not exceed any limitations imposed by law or the Constitution of the State of
Wisconsin; and that the District has levied a direct, annual irrepealable tax sufficient to pay
this Bond, together with interest thereon when and as payable.
No delay or omission on the part of the owner hereof to exercise any right
hereunder shall impair such right or be considered as a waiver thereof or as a waiver of or
acquiescence in any default hereunder.
A-2
IN WITNESS WHEREOF, the District Board of Milwaukee Area Technical College
District, Wisconsin, has caused this Bond to be signed on behalf of said District by its duly
qualified and acting Chairperson and Secretary, and its corporate seal to be impressed
hereon, all as of the date of original issue specified above.
MILWAUKEE AREA TECHNICAL
COLLEGE DISTRICT, WISCONSIN
By:
Ann Wilson, Chairperson
Attest:
Lauren Baker, District Secretary
A-3
(Form of Assignment)
FOR VALUE RECEIVED the undersigned hereby sells, assigns and transfers unto
(Please print or typewrite name and address,
including zip code, of Assignee)
(Please print or typewrite Social Security or
other identifying number of Assignee)
the within Bond and all rights thereunder, hereby irrevocably constituting and appointing
(Please print or type name of Attorney)
Attorney to transfer said Bond on the books kept for the registration thereof with full power of
substitution in the premises.
Dated:
NOTICE: The signature to this assignment must
correspond with the name as it appears upon the
face of the within Bond in every particular without
alteration or enlargement or any change whatever.
Signature(s) guaranteed by:
A-4
Attachment FPO - 8
RESOLUTION AUTHORIZING THE ISSUANCE OF $1,500,000.00
GENERAL OBLIGATION PROMISSORY NOTES, SERIES 2012-13F
OF MILWAUKEE AREA TECHNICAL COLLEGE DISTRICT, WISCONSIN
Resolution F0008-09-12
WHEREAS, Milwaukee Area Technical College District (the "District") is presently
in need of $1,500,000.00 for the public purpose of financing building remodeling and
improvement projects, consisting of projects included in the District's 2012-2013 building
remodeling and improvement program; and
WHEREAS, it is in the best interest of the District that the monies needed for such
purpose be borrowed through the issuance of general obligation promissory notes
pursuant to Section 67.12(12), Wis. Stats.; now therefore be it
RESOLVED, that the District shall issue general obligation promissory notes in the
amount of $1,500,000.00 for the public purpose of financing building remodeling and
improvement projects, consisting of the projects included in the District's 2012-2013
building remodeling and improvement program; and be it
FURTHER RESOLVED, that the District Secretary shall, within 10 (ten) days
hereafter, cause public notice of the adoption of this resolution to be given to the electors
of the District by publishing a notice thereof in the Milwaukee Journal Sentinel, a
newspaper published and having general circulation in the District, which newspaper is
found and determined to be likely to give notice to the electors, such notice to be in
substantially the form set forth in Attachment A to this resolution.
Adopted: September 25, 2012.
Ann Wilson, Chairperson
Attest:
________________________________
Lauren Baker, District Secretary
Recorded on September 25, 2012.
________________________________
Lauren Baker, District Secretary
Attachment A
NOTICE
TO THE ELECTORS OF:
Milwaukee Area Technical
College District, Wisconsin
NOTICE IS HEREBY GIVEN that the District Board of the above-named District, at
a meeting duly called and held on September 25, 2012, adopted, pursuant to the
provisions of Section 67.12(12) of the Wisconsin Statutes, a resolution entitled,
"RESOLUTION AUTHORIZING THE ISSUANCE OF $1,500,000.00 GENERAL
OBLIGATION PROMISSORY NOTES, SERIES 2012-13F, OF MILWAUKEE AREA
TECHNICAL COLLEGE DISTRICT, WISCONSIN," which provides that the sum of
$1,500,000.00 be borrowed through the issuance of the District's general obligation
promissory notes for the public purpose of financing building remodeling and improvement
projects, consisting of projects included in the District's 2012-2013 building remodeling and
improvement program.
A copy of said resolution is on file in the District Office, 700 West State Street,
Milwaukee, Wisconsin, and is available for public inspection weekdays, except holidays,
between the hours of 8:00 A.M. and 4:00 P.M.
The District Board need not submit the resolution authorizing this borrowing to the
electors for approval unless within 30 days after the publication of this Notice there is filed
with the Secretary of the District Board a petition meeting the standards set forth in Sec.
67.12(12), Wis. Stats., requesting a referendum thereon at a special election.
Dated: September 25, 2012.
BY ORDER OF THE DISTRICT BOARD:
Lauren Baker, District Secretary
Attachment FPO - 9
MILWAUKEE AREA TECHNICAL COLLEGE DISTRICT
Other Post-Employment Benefits (OPEB) Trust Report
August 31, 2012
`
Assets
Current assets
Cash and cash equivalents
Marshall & Ilsley Bank
Seaway Bank & Trust Company
Charles Schwab Investments
$
Prepaid Expenses
Interest Receivable
Accounts Receivable
Total current assets
Total Assets
Net Assets
Current Liabilities
Accounts Payable
IBNR Payable
Held in trust for
Post employment benefits
Total Net Assets
5,184
396,168
19,770,714
20,172,065
20,172,065
$
20,172,065
$
445,165
19,726,900
$
20,172,065
MILWAUKEE AREA TECHNICAL COLLEGE DISTRICT
Statement of Changes in Fiduciary Net Assets
For The Two Months Ended August 2012
Additions
Contributions
MATC
Retiree Contributions
Total Contributions
Unrealized Gain/(Loss) on Investments
Interest Income
Total additions
Deductions
Adminstration
Benefit payments
Total deductions
Change in net assets
Net assets Held in Trust for Post Employment Benefits- Beginning of the year
Net assets Held in Trust for Post Employment Benefits- End of the year
$ 11,273,509
458,572
11,732,081
2,566
61
11,734,708
52,343
1,470,512
1,522,855
10,211,853
9,515,047
$ 19,726,900
Attachment FPO - 10
MATC Travel Report - by Date
Dist
In/Out Reason
Outside
Funding
Estimated
Total Cost
Name
First
Last
Destination State Depart
Return
Fnd Loc Dept
Name
Budget Mgr
O
State Called Meeting
$484.70
Lynn
Fugina
Sturgeon Bay WI
7/15/2012
7/17/2012
1
60
96400
Human Resourc Cardona
O
OTHER
$108.02
GERALD
TROTTER
BLOOMINDAL IL
7/17/2012
7/17/2012
1
60
96500
PRINTING SVC TROTTER
O
State Called Meeting
$336.50
GLORIA
PITCHFORD-
STURGEON
7/22/2012
7/23/2012
1
60
80004
Pre-College Ed Pitchford-Nicho
WI
O
State Called Meeting
$353.70
Richard
Ammon
Sturgeon Bay WI
7/22/2012
7/23/2012
1
60
50000
Health
Levy
O
State Called Meeting
$431.50
Dorothy
Walker
Sturgeon Bay WI
7/22/2012
7/24/2012
1
60
60000
T&I
Walker
O
Training
$892.25
Don
Hoernke
Custer
WI
7/22/2012
7/26/2012
1
60
60000
T&I
Walker
O
Conference
$335.00
Cheralyn
Randall
Rice Lake
WI
7/24/2012
7/26/2012
1
60
96805
Grants & Devel Randall
O
OTHER
$104.88
MICHAEL
BURKE
WAUNAKEE
WI
8/2/2012
8/2/2012
1
60
95200
Office of the Pre Burke
I
Conference
$75.00
Carol
Seaman
Mequon
WI
8/3/2012
8/3/2012
5
20
98500
Child Care Servi Seaman
O
Conference
$645.23
Larry
Gross
Dayton
OH
8/13/2012
8/14/2012
1
60
60000
T&I
O
Other
Wilma
Bonaparte
Madison
WI
8/17/2012
8/17/2012
1
80
30000
Consumer/Hosp Bonaparte
$0.00
Walker
O
PTV Program Product
$2,811.00
LIDDIE
COLLINS
VARIOUS
8/19/2012
8/31/2012
5
60
98878
Tv Production
Bauer
O
PTV Program Product
$2,811.00
CHRIS
MICHALSKI
VARIOUS
8/19/2012
8/31/2012
5
60
98878
Tv Production
Bauer
O
PTV Program Product
$2,811.00
JOSE
LOZANO
VARIOUS
8/19/2012
8/31/2012
5
60
98878
Tv Production
Bauer
I
Training
$2,273.00
Peter
Fanning
Madison
WI
8/24/2012
8/28/2012
3
60
97821
Equipment-IT, T GAVIN
O
Other
$96.36
Dessie
Levy
Madison
WI
8/29/2012
8/29/2012
1
60
50000
Health
I
Other
$750.00
Athletics
MSoccer
Madison
WI
8/29/2012
8/29/2012
7
60
93404
Student Athletic Casey
O
Other
$976.00
Athletics
WSoccer
Palos Hills
IL
8/29/2012
8/29/2012
7
60
93404
Student Athletic Casey
O
Other
$1,100.00
Athletics
WSoccer
Joliet
IL
9/5/2012
9/5/2012
7
60
93404
Student Athletic Casey
O
Other
$945.00
Athletics
WSoccer
Glen Ellyn
IL
9/7/2012
9/7/2012
7
60
93404
Student Athletic Casey
As Of
Monday, September 10, 2012
Page 1 of 3
Levy
Dist
In/Out Reason
Outside
Funding
Estimated
Total Cost
$1,543.00
Name
First
Last
Destination State Depart
Return
Fnd Loc Dept
Name
Budget Mgr
O
Training
Lisa
Wendler-Swa
Coeur d'Alene ID
9/9/2012
9/12/2012
1
60
60000
T&I
O
Other
$230.00
Athletics
WVolleyball
Palatine
IL
9/11/2012
9/11/2012
7
60
93404
Student Athletic Casey
O
Other
$875.00
Athletics
WSoccer
Palatine
IL
9/12/2012
9/12/2012
7
60
93404
Student Athletic Casey
O
State Called Meeting
Sharon
Abston-Colem
Madison
WI
9/12/2012
9/12/2012
1
60
50000
Health
$0.00
Walker
Levy
O
Other
$230.00
Athletics
WVolleyball
Glen Ellyn
IL
9/13/2012
9/13/2012
7
60
93404
Student Athletic Casey
I
Other
$40.00
Pablo
Cardona
Within City
WI
9/14/2012
9/14/2012
1
80
91913
Regional/Eve. A Pinckney
I
Other
$40.00
Alberta
Witherspoon
Within City
WI
9/14/2012
9/14/2012
1
80
91913
Regional/Eve. A Pinckney
I
OTHER
$40.00
JEANNIE
BYNUM
MILWAUKEE WI
9/14/2012
9/14/2012
1
80
91913
Regional/Eve. A PINCKNEY
I
Other
$40.00
Al
Pinckney
Within City
9/14/2012
9/14/2012
1
80
91913
Regional/Eve. A Pinckney
I
OTHER
$40.00
WILMA
BONAPARTE
MILWAUKEE WI
9/14/2012
9/14/2012
1
80
91913
Regional/Eve. A PINCKNEY
O
Other
$72.15
Elaine
Strachota
Madison
WI
9/14/2012
9/14/2012
1
60
50000
Health
O
Other
$1,116.00
Athletics
MSoccer
Palos Hills
IL
9/14/2012
9/14/2012
7
60
93404
Student Athletic Casey
I
Other
O
Conference
I
Training
O
$490.00
Levy
Athletics
WVolleyball
Lacrosse
WI
9/15/2012
9/15/2012
7
60
93404
Student Athletic Casey
Dessie
Levy
Anaheim
CA
9/19/2012
9/22/2012
1
60
50000
Health
Levy
$0.00
Thomas
Heraly
Brookfield
WI
9/19/2012
9/19/2012
1
60
60000
T&I
Walker
State Called Meeting
$0.00
Nancy
Vrabec
Madison
WI
9/28/2012
9/28/2012
1
60
50000
Health
Levy
$2,164.39
O
State Called Meeting
$40.00
Jerry
Manz
Madison
WI
9/28/2012
9/28/2012
1
60
93500
Student Financi Manz
O
State Called Meeting
$97.71
Terry
Pogorelc
Madison
WI
9/28/2012
9/28/2012
1
60
50000
Health
Levy
O
State Called Meeting
$107.71
Dessie
Levy
Madison
WI
9/28/2012
9/28/2012
1
60
50000
Health
Levy
I
Conference
$370.00
Ted
Wilinski
Racine
WI
10/3/2012
10/5/2012
1
20
60000
T&I
Alsup-Kingery
I
Conference
$370.00
Joseph
Jacobsen
Racine
WI
10/3/2012
10/5/2012
1
20
60000
T&I
Alsup-Kingery
I
Conference
$495.00
Duane
Schultz
Racine
WI
10/3/2012
10/5/2012
1
60
60000
T&I
Walker
I
Conference
$645.12
Mona
Schroeder-Be
Racine
WI
10/3/2012
10/5/2012
2
60
91953
Other Projects
Gayhart
I
Conference
$645.12
Alfredo
Luna
Racine
WI
10/3/2012
10/5/2012
2
60
91953
Other Projects
Gayhart
I
State Called Meeting
$350.46
Katherine
Collins
Green Lake
WI
10/3/2012
10/5/2012
1
80
10000
Business Admin Schultz
As Of
Monday, September 10, 2012
Page 2 of 3
Dist
In/Out Reason
Outside
Funding
Estimated
Total Cost
Name
First
Last
Destination State Depart
Return
Fnd Loc Dept
Name
Budget Mgr
O
Training
$133.29
Carolyn
Spain
Pewaukee
WI
10/3/2012
10/3/2012
1
60
93300
Assessment
Spain
I
Conference
$600.00
Susan
Richards
Milwaukee
WI
10/8/2012 10/10/2012
3
60
97809
Equipment-IT
Gavin
I
Conference
$310.00
Camille
Nicolai
Milwaukee
WI
10/14/2012 10/17/2012
1
60
93500
Student Financi Manz
O
Other
$485.00
Terese
Dressel
Arlington
VA
10/14/2012
10/16/2012
1
60
60000
T&I
O
State Called Meeting
Liz
Pancorbo
Waunakee
WI
10/16/2012 10/16/2012
1
60
96400
Human Resourc Cardona
O
Conference
Rita
Wood
Orlando
FL
10/31/2012
11/4/2012
7
60
93403
Student Activitie Graham
O
State Called Meeting
$375.12
Dessie
Levy
Wausau
WI
11/8/2012
11/9/2012
1
60
50000
Health
Levy
O
Conference
$230.00
tammy
howard
appleton
WI
11/13/2012
11/14/2012
1
60
93300
Assessment
Spain
O
Conference
$230.00
spencer
rachel
Appleton
WI
11/13/2012
11/14/2012
1
60
93300
Assessment
Spain
O
State Called Meeting
$290.00
Carolyn
Spain
Appleton
WI
11/13/2012
11/14/2012
1
60
93300
Assessment
Spain
I
OTHER
MICHAEL
BURKE
MILWAUKEE WI
12/5/2012
12/5/2012
1
60
95200
OFFICE OF TH Burke
As Of
Monday, September 10, 2012
$74.00
$15,302.60
$50.00
Page 3 of 3
Walker